HSB IoT Solution Wins Innovation in Insurance Award
HSB Connected Technologies' 24/7 monitoring and risk management solution combines industrial grade Internet of Things (IoT) hardware with HSB's risk management, operations and data science capabilities into one complete ready to use solution.
"Our unique approach allows our clients to create an IoT solution that is tailored to their commercial book of business and eliminates all the hassles of launching and managing an IoT program," says
Award winners were selected by a panel of judges comprising senior executives from insurers in
HSB Connected Technologies is responsible for the development and exploration of innovative technologies and their disruptive impact on risk at Hartford Steam Boiler. Through internal R&D, corporate VC investments, and partnerships with diverse companies, HSB Connected Technologies is enabling clients and partners to harness the innovation potential of the latest technologies and capabilities to transform risk, enable new business models, and deliver improved customer experiences. Since 2016, HSB's IoT program has collected more than 500 million sensor readings from client locations.
Learn more at hsbconnectedtechnologies.com.
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Hartford Steam Boiler (HSB), part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB's mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds
Munich Re is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017
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