IoT for Insurance

Normal view (turn off text only mode)
You are here:

Internet of Things at HSB

HSB is the insurance leader for commercial Internet of Things (IoT) solutions. By leveraging data gained through sensors and the cloud, we are creating or enabling breakthrough new products, services, and business models that are changing the core of (re)insurance. While many companies are exploring IoT as a potential innovation opportunity, HSB has defined IoT as a core strategy and is currently delivering IoT impact for our clients around the world.

HSB’s IoT efforts are focused on two markets: small-and-medium enterprise (SME) businesses and Industrial IoT (or Industry 4.0).

Small and Medium Enterprise (SME) IoT

For the SME market, HSB provides an end-to-end IoT solution that delivers on the unique needs of small businesses and their insurers. By providing a turnkey package of hardware and software technology, data analytics, knowledgeable configuration, backend operations, targeted alerts, and 24/7 monitoring support, we reduce the complexity of IoT and enable easily scalable applications for a diverse set of business classes. 


Powered by our proprietary Meshify IoT platform, HSB’s SME solution is designed specifically for the insurance market. By partnering with us on IoT, HSB insurance and risk management clients experience:

  • Fewer claims and increased profitability
  • Enhanced underwriting and risk profiling
  • Access to new data sources and business intelligence
  • Improved engagement and retention of existing clients
  • Greater differentiation through value-added services
Industrial IoT (Industry 4.0)

Our Industrial IoT business applies our deep expertise in financial products and understanding of connected technology to help industrial companies deploy IoT solutions. By working with industrial clients to digitize their products and internal operations, HSB is helping customers differentiate their products and improve their operational efficiencies and quality, while also providing financial solutions that enable new risk transfer approaches and new business models.

Anchored by HSB’s technical expertise in equipment and insurance coverages, HSB’s Industrial IoT solution is designed specifically for manufacturers. By working with HSB, our industrial clients can leverage IoT technology to improve their business outcomes.

hsb logo

For further information

Jack Volinski, Senior Vice President

Click here to email


Yuyan (Robin) Luo, Vice President
Click here to email


Main Navigation
Service Men
Accessibility

© Copyright 2018 The Hartford Steam Boiler Inspection and Insurance Company. All Rights Reserved.

Note


This publication is available exclusively to Munich Re clients. Please contact your Client Manager.