Smart Homes Offer More Safety And Lesser Insurance Premiums, Changing The Landscape Slowly But Surely
Smart home systems have been helpful in many cases. One of them is bringing down the cost of insurance. Many insurance companies across the globe have adopted methods that can help homeowners detect issues early on which can reduce the number of claims that homeowners make. However, it is not as easy as one might think. It is important that the insurance firm collects all the required data in order to have discounts processed for the customers.
A partnership between Yonomi and LexisNexis aims to address the issue of verification.
Yonomi collects all the data from the smart home devices and LexisNexis sells the data and risk analysis to the insurers. With such advancements, it is easier for the insurer to work with the partnership to gather the data that is required and from a user’s perspective, share only the data that is relevant to the insurer. The insurer can get to know real-time updates about a policyholder when required. Though the industry makeover is still in its research phase, this looks like a big win!
Source: https://staceyoniot.com
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