Connected Homes Creating Opportunities for P&C Insurers

As more consumer and household goods are equipped with connected sensors, opportunities for risk mitigation and pricing are on the rise.

August 20, 2014

Chris McMahon

Based on expectations that they will increase comfort and convenience, enable remote control of home devices and reduce energy bills, interest in connected-home products and services, including monitoring, control and energy management, is projected to increase to 57 percent from 7 percent over the next five years, according to recent research from Accenture, a management consulting company.

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