Consumers win when builders of smart homes partner with insurers

The insurer data produced by smart homes supports tailored underwriting and pricing, more accurate underwriting, faster claims response, and more effective customer engagement to reduce risk.

By Joe Wodark | Updated on March 13, 2018

A television displays smart features inside a home in Alameda, Calif.

A homeowner rolls out of bed in the morning, and the kitchen light and coffeemaker have turned themselves on already. The heat has been driving out the overnight chill for ten minutes. She uses the last drop of milk, and the refrigerator updates her grocery list.

As she drives away, she forgets to close the garage. But not to worry — it closes automatically.

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