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Can IoT Save You Money on Home Insurance?  

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.

 

Natalie Zfat

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Natalie Zfat

Natalie Zfat is a social media entrepreneur and Forbes Contributor who has partnered with some of the most iconic brands in the world, including Rolling Stone, Food Network, American Express and Levi’s. Curating original content and videos, Zfat gains millions of impressions for the brands she advocates for. When she's not engaging with her half a million followers, Zfat loves sharing her entrepreneurial thought leadership at conferences and universities, including Carnegie Mellon, NYU Stern School of Business, The Harvard Club of New York and Internet of Things World. Follow Natalie on Twitter: @NatalieZfat

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