How Smart Homes Are Changing Insurance

Smart homes offer a vast array of benefits in: risk mitigation and prevention, data collection and analysis, personalized premiums, faster claims processing, home monitoring services, liability coverage, premium discounts, the environment and health and wellness.

Smart homes, equipped with various Internet of Things (IoT) devices and technologies, have the potential to change the insurance industry.

Insurers have a natural synergy with smart home technologies. With almost 69% of U.S. households owning at least one smart home device, it is clear that such technologies help consumers manage, protect and efficiently run their homes via mobile applications.

While smart home technology is not a new concept, many insurance companies and homeowners are adopting it like never before to optimize housing efficiency, streamline daily tasks, improve quality of life and well-being and reduce urban household risks.