Samsung Electronics Partners with Hartford Steam Boiler to Launch Smart Home Insurance Savings Program
In an era where technology continues to reshape our lives, Samsung Electronics is taking a significant step towards enhancing home safety and savings. The company has partnered with Hartford Steam Boiler (HSB), a renowned provider of risk management services, to introduce a promising initiative known as Smart Home Savings. This program leverages the connectivity of Samsung's home appliances through the SmartThings app, allowing homeowners to potentially lower their insurance premiums.
Samsung’s Smart Home Savings service is designed to benefit U.S. consumers by recognizing the protective features of home appliances connected to the SmartThings platform. By using the SmartThings app, customers can inform participating insurance carriers about their smart home devices that can detect early warning signs of potential hazards, such as small water leaks. This proactive approach enables homeowners to present their homes as having enhanced safety measures, which can lead to premium reductions.
The Smart Home Savings concept is simple yet effective: by showcasing the capabilities of connected appliances, which can alert users to simple issues before they escalate into bigger problems, insurers can reward households with lower premiums, ultimately making home insurance more affordable.
Launched in 2025, the Smart Home Savings program was initially trialed in Florida in collaboration with various major U.S. home-insurance providers. While the savings are dependent on various factors such as location and specific insurance companies, early trials yielded notably positive results with significant reductions in premiums for many participants. Given this promising start, the initiative is set for expansion next into more U.S. states and will soon extend its reach to Europe and other regions worldwide.
This initiative not only benefits consumers but also encourages broader participation from the insurance sector. The program is designed in alignment with the Home Connectivity Alliance (HCA) Insurance Interface Specification, establishing a competitive and open model. This allows multiple insurance providers and an expanding range of smart home brands to be part of the conversation, fostering innovation and enhancing consumer options.
Hyesoon Yang, Executive Vice President at Samsung, shared insight into the initiative’s vision: "Samsung is committed to delivering practical, everyday benefits through connected-home innovation. Smart Home Savings is intended to enable households to experience the advantages of personalized smart insurance. Our goal is to enhance safer living environments across the globe."
Greg M. Barats, President and CEO of HSB Group, echoed this sentiment, stating, "Through our proprietary platform, we are connecting Samsung and insurers to provide families with protection and affordability. A connected home is a safer home, and the favorable results we’ve observed thus far reaffirm the potential of this service."
The Smart Home Savings program represents a shift not just in how consumers interact with their appliances but also in how insurance companies assess risk. The integration of technology in everyday life is proving to be a game changer, providing tangible benefits that extend beyond mere convenience. By aligning home technology with insurance savings, Samsung and HSB are not only creating a safer household environment but are also paving the way for smarter, more innovative approaches to home insurance.
As the program gathers momentum and expands to more regions, it stands as a testament to the possibilities that arise when technology meets traditional industries. Homeowners can look forward to blending smart living with financial savings, marking a new chapter in the relationship between home safety and insurance.
Understanding the Smart Home Savings Program
Samsung’s Smart Home Savings service is designed to benefit U.S. consumers by recognizing the protective features of home appliances connected to the SmartThings platform. By using the SmartThings app, customers can inform participating insurance carriers about their smart home devices that can detect early warning signs of potential hazards, such as small water leaks. This proactive approach enables homeowners to present their homes as having enhanced safety measures, which can lead to premium reductions.
The Smart Home Savings concept is simple yet effective: by showcasing the capabilities of connected appliances, which can alert users to simple issues before they escalate into bigger problems, insurers can reward households with lower premiums, ultimately making home insurance more affordable.
Proven Impact and Future Expansion
Launched in 2025, the Smart Home Savings program was initially trialed in Florida in collaboration with various major U.S. home-insurance providers. While the savings are dependent on various factors such as location and specific insurance companies, early trials yielded notably positive results with significant reductions in premiums for many participants. Given this promising start, the initiative is set for expansion next into more U.S. states and will soon extend its reach to Europe and other regions worldwide.
This initiative not only benefits consumers but also encourages broader participation from the insurance sector. The program is designed in alignment with the Home Connectivity Alliance (HCA) Insurance Interface Specification, establishing a competitive and open model. This allows multiple insurance providers and an expanding range of smart home brands to be part of the conversation, fostering innovation and enhancing consumer options.
Engaging Quotes from Leadership
Hyesoon Yang, Executive Vice President at Samsung, shared insight into the initiative’s vision: "Samsung is committed to delivering practical, everyday benefits through connected-home innovation. Smart Home Savings is intended to enable households to experience the advantages of personalized smart insurance. Our goal is to enhance safer living environments across the globe."
Greg M. Barats, President and CEO of HSB Group, echoed this sentiment, stating, "Through our proprietary platform, we are connecting Samsung and insurers to provide families with protection and affordability. A connected home is a safer home, and the favorable results we’ve observed thus far reaffirm the potential of this service."
The Future of Smart Home Technology and Insurance
The Smart Home Savings program represents a shift not just in how consumers interact with their appliances but also in how insurance companies assess risk. The integration of technology in everyday life is proving to be a game changer, providing tangible benefits that extend beyond mere convenience. By aligning home technology with insurance savings, Samsung and HSB are not only creating a safer household environment but are also paving the way for smarter, more innovative approaches to home insurance.
As the program gathers momentum and expands to more regions, it stands as a testament to the possibilities that arise when technology meets traditional industries. Homeowners can look forward to blending smart living with financial savings, marking a new chapter in the relationship between home safety and insurance.
Topics Consumer Technology）
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