Hartford Steam Boiler and EnergySavvy Develop Tools to Help Customers Reduce Energy Costs

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Hartford Steam Boiler and EnergySavvy Develop Tools to Help Customers Reduce Energy Costs

HSB Shares Technical Knowledge to Lower Energy Use and Save Money

HARTFORD, Conn., August 15, 2012 — How can a homeowner reduce energy consumption and lower costs? The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, is working with EnergySavvy, a leading software provider of energy management technology, to develop tools that help customers make informed decisions about energy usage, Hartford Steam Boiler announced today.

“Homeowners know that conserving energy makes good economic sense,” said Greg Barats, president and chief executive officer of Hartford Steam Boiler.  “But where do they start? Hartford Steam Boiler is designing new services to share our technical knowledge with homeowners so they’ll have a trusted source to find the essential information they need to make better energy choices.”

Hartford Steam Boiler has entered into a long-term business partnership with EnergySavvy, which provides user-friendly software for utilities, public agencies and other clients to help consumers maximize energy efficiency and save money.  The combination of EnergySavvy’s technology and Hartford Steam Boiler’s extensive equipment knowledge and expertise will help families manage their energy consumption and costs.

“EnergySavvy’s mission is to encourage energy efficiency by helping people understand their efficiency opportunities and reduce their monthly utility bills,” said Scott Case, EnergySavvy chief operating officer.  “We’re thrilled to bring our energy expertise to Hartford Steam Boiler’s customers.”

Note for the editorial staff:

For further questions please contact

Media Relations, HSB, Dennis Milewski
Tel.: +1 (860) 722-5567


Media Relations, Munich Reinsurance America, Terese Rosenthal
Tel.: +1 (609)  243-4339

 

About HSB

Hartford Steam Boiler, a member of Munich Re’s Risk Solutions family since 2009, provides a range of specialty insurance coverages for business, home and farm. One of the world’s leading equipment breakdown insurers, HSB helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies and loss reduction services. A.M. Best Company awarded the HSB Group of companies its highest financial rating, A++ (Superior).

About EnergySavvy

 EnergySavvy is a software company that is transforming home energy efficiency. We combine great user experiences, software technology and home energy modelling to deliver solutions our customers love and that help save energy and money.

About Munich Re

 In the U.S., Munich Re provides access to a full range of property and casualty reinsurance and specialty insurance products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam Boiler Group. Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. Munich Re creates value for clients, shareholders and staff alike. In the financial year 2011, the Group – which pursues an integrated business model consisting of insurance and reinsurance – achieved a profit of €0.71bn on premium income of around €50bn. It operates in all lines of insurance, with around 47,000 employees throughout the world. With premium income of around €27bn from reinsurance alone, it is one of the world's leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the major insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2011, ERGO posted premium income of €20bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re's global investments amounting to €202bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.

 Hartford, Connecticut, August 15, 2012

The Hartford Steam Boiler Inspection and Insurance Company
One State Street
P.O. Box 5024
Hartford, Connecticut 06102-5024
United States
www.hsb.com

Munich Reinsurance America, Inc.
555 College Road East
Princeton, New Jersey 08543-5241
United States
www.munichreamerica.com


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