It’s easy to get excited about the future of smart home technology, but you might be even more excited if you knew that it could also save you money.

 

“We’re working with insurers to deliver a usage-based insurance model for the home driven by IoT technologies,” said Ed Abrams, vice president of enterprise IoT solutions at Samsung, during a rooftop Q&A in New York this summer.

“This is going to benefit the homeowner — from a reduced policy perspective — but also the insurer in better managing and reducing the overall cost of their risk pools.”

“If [insurance companies] can get better real-time data, they can reduce the costs of managing their customers and pass those savings on to the end user,” said Abrams.

Learn more about Samsung’s enterprise IoT solutions.