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At a more sophisticated level, the insurer can offer a data recorder to be installed in the home to track temperature, humidity, wind speed and mechanical vibrations.

The global connected home market is big and getting bigger. By 2016, it is expected to reach $235 billion, with the largest revenue-generating segments including home security ($110 billion), smart utilities ($33 billion) and home entertainment ($68 billion). Connectivity is popping up everywhere, from smart refrigerators that can monitor food consumption to smart carpets that provide notification of unauthorized entry. 

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