health home automation technologies will revolutionize health home insurance

health home automation technologies have been around for years. But several challenges have held back their mass adoption. First of all, the French didn’t think they needed it. They thought smart technologies were expensive and cumbersome to install. They thought that health home automation did not offer much added value in their daily life. If any of these feelings persist, the tide will begin to change.

People feel more comfortable and, in some cases, more dependent on smart technologies. The devices installed in smart homes offer more than comfort. They can help homeowners increase energy efficiency and protect their homes.

Also, as we will see, installing smart health connected objects could quickly have a real impact on health home insurance costs.

The rise of InsurTech

Millions of people are already using health home automation technologies to improve their lives. From smart fridges that control your weekly groceries to smart bulbs that automatically turn off when you leave the house. These smart health connected devices are an integral part of everyday life.

So why not imagine health home insurance incorporating all of this; and even more. Let’s take an example : Groupama health home insurance could offer smart health home technologies, such as cameras, sensors and monitors.

The main advantage of these devices is that they can actively monitoring the health home throughout the day; and night. They can send notifications of unusual or negative activity directly to a mobile device.

An incentive program for the adoption of health home automation technologies

Let’s continue with our example. Thus, Groupama could reward customers who have equipped their house with smart technologies by reducing their contributions. Others could also subsidize the cost of these devices or pay to install them.

From their point of view, smarthome devices minimize damage and reduce the number of claims filed by policyholders. They also lower the risk profile of homeowners by detecting problems and making homes more efficient.

Smoke detectors, water leak detectors and alarm systems are some of the most common smart devices; they are also the most interesting from the point of view of insurers. They reduce the risk profile of policyholders by detecting problems; and making homes more efficient.

Integrate health home automation technologies into a new model

Thus, health home automation technologies could therefore strengthen the relationship that insurance companies have with their customers. The data they provide can help insurers deliver better products and services. With a better understanding of customer needs and habits, insurance companies can offer more personalized coverage and underwrite risks more accurately.

All of this could lead to the creation of a virtuous circle. Also, insurers will also play a proactive role in ensuring the safety of their customers’ homes. In an industry that hasn’t changed much in decades, smart systems and features will make life easier for insurers.

For consumers, finding the right insurance company will no longer only mean comparing the cost but also evaluating the benefits that insurers will offer to policyholders interested in health home automation technologies.