Connected Homes Creating Opportunities for P&C Insurers

 Thursday, August 21, 2014

 Insurance Networking News

Based on expectations that they will increase comfort and convenience, enable remote control of home devices and reduce energy bills, interest in connected-home products and services, including monitoring, control and energy management, is projected to increase to 57 percent from 7 percent over the next five years, according to recent research from Accenture, a management consulting company. Conceptually similar to connected-car technology, which uses connected sensors to report on usage, behavior, location, status and other data points, connected-home technologies offer a range of conveniences to homeowners and could create new opportunities for P&C insurers akin to those of insurance telematics.