The property and casualty insurance industry is taking a closer look at the potential for smart home devices. Observers expect that smart homes will have a similar effect on home insurance that telematics and the connected car did for auto insurance.
Soon, carriers aim to use connected-home technology for claims avoidance, underwriting and improved interactions with homeowners beyond just creating a policy. That’s according to new research from technology-research firm Gartner. And, some insurers are beginning to invest in connected-home companies using their internal venture capital arms.
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