As the UK embraces "Smart Home" living, the insurance implications start to ramp up:
What potential services can insurers add to home policies to make their policyholder's lives better?
Can AI intrude too far into homeowners lives? - Amazon Echo is now influencing domestic murder cases in the US.
What are the security implications associated with the always on monitoring of your home?
So many issues to think through for the industry, which throw up so many opportunities.
It’s been a rocky ride for Brits embracing the ‘smart home’ dream. When the technology fails, it fails hard, like when Hive’s thermostats accidentally baked British customers, or when Lockstate’s supposed ‘smart locks’ left many stuck out in the cold. Almost a quarter (24%) of Brits have embraced internet-connected homes. Sales of smart home kit has jumped by 135% year-on-year, says the retailer in a new report, with fans spending around £174 each on devices for their homes in the last year. As many as 93% of consumers say they already know about smart home products, with a further 71% considering buying their first devices. That’s despite the fact 55% don’t fully understand it. “If the current growth in demand for Smart Home products continues, they will soon become as common as smart phones,” said Oliver Meakin, CEO of Maplin.