CES Preview: Smart Home Could Mean Discounted Insurance

Smart homes create simplified lives and improved well-being–a partnership being announced at CES next week is utilizing the data from Internet of Things (IoT) devices to make suggestions for creating safer homes and avoiding risk. ROC-Connect makes and supplies insurance companies with smart smoke alarms and water sensors and can monitor customer behavior from those sensors. The partnership with the database company CoreLogic to take data from smart home devices will, in turn, help insurance companies assess risk. Customers can use this data to create a safer home and avoid risk–potentially earning discounts on insurance rates.

Other partnerships with IoT device manufacturers are helping insurers bring IoT devices to market and integrating them into safer lives. Property insurers can offer smart home packages with their policies and use the connected devices to collect data on their customers. For example, insurance companies might monitor if the battery in a smoke alarm has been changed or how often the user’s home is occupied. That data can help insurers determine the risk of insuring someone in the future.

Related Post

We’re giving insurance companies a turnkey solution that will help them exploit the IoT and engage more effectively with their customers. Insurers can move from simply reacting to events to become more proactive, offering their consumers simple and affordable solutions to make homes safer.
— Marcus Scheiber, CEO and co-founder of ROC-Connect

ROC-Connect uses information from CoreLogic such as property size, location, and other features to analyze risk; that information is combined with data from smart home devices. The collaboration with CoreLogic has led to the creation of ROC-Connect’s Home Safety Scorecard, designed to provide consumers with an easy way to recognize risks and reduce potential losses.

For more information on ROC-Connect, visit www.roc-connect.com.

Other alliances (although none yet in the US) provide smart home kits that include fire and water sensors and offer the ability to add supplementary sensors as needed. Other smart home and IoT devices can be added to these systems, building on immediate home automation and safety benefits and increasing the information available to the Home Safety Scorecard.

Smart Home Could Mean Discounted Insurance is cross-published on the Architechnologist, a site dedicated to exploring technologies that change the way we experience the world around us.

Liked it? Take a second to support the GeekFamily Network on Patreon!

This post was last modified on December 14, 2017 12:42 am

Michael Kaufman

Michael Kaufman draws on fifteen years of professional expertise as an Architect and a passion for cutting-edge technology to publish the Architechnologist – an online magazine dedicated to exploring the emerging technology that affects how we experience the world around us. Michael was recognized as one of the "Top Tech Writers To Watch In 2016" by Data2GoWireless. He also serves as a judge for the Innovations Design and Engineering Awards at the International Consumer Electronics Show (CES) in Las Vegas. He regularly participates in roundtables and speaking engagements as a thought-leader and influencer.

Published by

Recent Posts

GeekDad Daily Deal: Lifetime Subscription to Mondly

Get access to all the languages in Mondly for life!

September 29, 2020

Return to Sunnydale With ‘Unmatched: Buffy the Vampire Slayer’

Fight as your favorite Buffy the Vampire Slayer characters in this tactical miniatures game.

September 29, 2020

Kickstarter Tabletop Alert: Grab Those Gassy ‘Farting Frenchies’

'Farting Frenchies' is a family-friendly game that's especially going to appeal to dog lovers and…

September 29, 2020

Geek Daily Deals September 29 2020: AUKEY White Noise Generator for $19 With Our Secret Code!

Ensure a sound sleep for your little ones (or you!) with this white noise generator…

September 29, 2020

Icewind Dale Rime of the Frostmaiden Dice and Miscellany

The latest dice set for Dungeons & Dragons contains some useful tools required to begin…

September 29, 2020

This website uses cookies.