People adopting smart home systems are driving insurers to respond with suitable policies, according to an NTT Data report. Of the home carriers surveyed, 59% said they were making good progress to adding smart home technology to their coverage and 77% were ramping up Internet of Things initiatives, spurred on by home speech-recognition gateway hubs like Amazon's Echo. While consumers are interested in policies, they may not be loyal to carriers with 64% of the 1,006 insurance customers surveyed, termed "seekers", willing to switch carriers and being open to policies from non-traditional insurance companies like General Electric, Apple or Samsung.
People adopting smart home systems are driving insurers to respond with suitable policies, according to an NTT Data report. Of the home carriers surveyed, 59% said they were making good progress to adding smart home technology to their coverage and 77% were ramping up Internet of Things initiatives, spurred on by home speech-recognition gateway hubs like Amazon's Echo. While consumers are interested in policies, they may not be loyal to carriers with 64% of the 1,006 insurance customers surveyed, termed "seekers", willing to switch carriers and being open to policies from non-traditional insurance companies like Apple, General Electric or Samsung.