Samsung Electronics Co., Ltd. has unveiled Smart Home Savings, a new service developed in collaboration with Hartford Steam Boiler (HSB), a subsidiary of Munich Re and a global leader in technology-driven risk management and equipment insurance. The service is designed to help U.S. consumers reduce home insurance premiums by recognizing the safety and protective capabilities of Samsung’s connected home appliances through the SmartThings platform.
By enrolling in Smart Home Savings via the SmartThings app, customers can share information about their connected appliances with participating insurance carriers. Homes equipped with devices that detect early warning signs, such as minor water leaks can be identified as having a stronger safety profile. Insurers can then apply policy credits that reward these preventive technologies, resulting in lower insurance premiums. This initiative not only provides tangible savings for families but also demonstrates how smart technology can transform the future of home insurance.
Proven Success With Plans for Expansion
In 2025, Samsung and HSB partnered with major U.S. home insurance providers to pilot the Smart Home Savings program in Florida. While premium reductions vary by home, location, and insurer, initial results showed meaningful savings for many participants. Building on this success, Samsung and HSB plan to expand the program to additional U.S. states and extend its reach to Europe and other global markets within the year. The service is now open for participation by U.S. insurance companies.
Compliant with the Home Connectivity Alliance (HCA) Insurance Interface Specification, Smart Home Savings is built as a scalable, open, and competitive model. It invites multiple insurers and a growing network of smart-home brands to join, fostering innovation, expanding consumer choice, and promoting healthy competition across both the insurance and connected-home sectors.
“Samsung is committed to delivering practical, everyday benefits through connected-home innovation,” said Hyesoon Yang, Executive Vice President and Head of New Biz Team for the Digital Appliances (DA) Business at Samsung Electronics. “Smart Home Savings is designed to help households realize the benefits of personalized smart insurance, and we will continue working with partners to expand safer, smarter living experiences around the world.”
“HSB, through our proprietary platform, is helping connect Samsung and insurers to give families access to both protection and affordability,” said Greg M. Barats, President and Chief Executive Officer of HSB Group Inc. “A connected home is a safer home, the early results are strong, and we look forward to expanding the service with leading carriers across the US.”
[1] To use SmartThings features, the SmartThings app must be installed and connected to a wireless network. Feature availability, supported environments and specifications may vary by product. The SmartThings app can be downloaded from the Galaxy Store, Play Store or App Store (Android OS 9.0 or later with at least 3GB RAM or iOS 15.0 or later).
