More IoT devices, but homeowners' insurance adoption still lags potential - LeadCloud News
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More IoT devices, but homeowners' insurance adoption still lags potential
30 July 2020

More IoT devices, but homeowners' insurance adoption still lags potential

Other insurers are partnering with vendors in unique ways. Selective Insurance has launched a more comprehensive, end-to-end smart home and security solution for its customers. Selective developed Smart Secure(sm) in-house and uses Alarm.com products and services.

“Our partnership with alarm.com gives homeowners the ability to control the technology from anywhere with the legacy monitoring systems we’re used to seeing in high-end alarm systems,” explains Allen Anderson, Selective’s senior vice president and chief underwriting officer, personal lines.

Smart Solutions allows policyholders to choose smart technology equipment for interactive security and energy management, allowing package customization. Selective offers different levels of bundled packages of equipment, depending on home size but policyholders can add cameras or customize by adding more cameras and sensors for additional windows and doors, for instance.

“We built out the basic packages first to help the customer along as to what the market has available, and including what most people tend to purchase. However, they can buy whatever is available on the alarm.com site,” says Shelly Gallagher, vice presidents, personal lines underwriting.

Learn more here - https://www.dig-in.com/news/homeowners-insurance-companies-three-approaches-to-integrating-iot?position=editorial_1&campaignname=DIG_Daily_MorningBriefing-07282020&utm_source=newsletter&utm_medium=email&utm_campaign=DIG_Daily_MorningBriefing%2B%27-%27%2B07282020&bt_ee=Qr3T5%2B002Rca8s7aXvErW%2F2B2q1ZjGIjHXI9hm2zC44tRAuK%2Fj2J1H3P9KGwchvN&bt_ts=1595929993128

 

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