HSB Cyber Suite Expands Small Business Coverage Through Partner Insurers
2020/10/27
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- Audit Affirms Data Security Practices Meet SOC 2 Standards
- Meshify Powers HSB’s Small-to-Medium Enterprise IoT Services
- HSB Offers Unique Combination of Insurance and IoT Capabilities
SOC 2 Certification Helps Build Trust with Clients
HSB announced today that Meshify, a wholly owned technology subsidiary that creates connected IoT solutions, received Service Organization Control (SOC 2®) Type 1 Audit certification for its commercial IoT platform’s data security controls.
The SOC Type 1 audit was conducted by an accounting and advisory firm whose auditors are accredited by members of the American Institute of CPAs (AICPA). Auditors affirmed that Meshify’s information security practices, policies, procedures and operations meet the SOC 2 standards for security established by the AICPA.
“This milestone embodies our dedication to continuously improving our security program and best practices,” said Lewis Wight, chief technology officer for Meshify. “Our recent SOC 2 certification provides our clients the confidence that we are using rigorous processes and controls to safeguard their data.”
U.S. Companies Rely on SOC Standard
U.S. companies that operate in the domestic market rely upon SOC, an American standard of the AICPA, to help ensure that the information services they use meet strict security requirements. SOC 2 Type 1 certification is focused on the suitability of the design and controls of the service organization’s system.
“At HSB, we are creating solutions every day that combine Internet of Things capabilities and insurance applications,” said John B. Riggs, senior vice president of HSB Applied Technology Solutions. “Enabling a secure data environment is a critical component of our solution, and SOC 2 compliance is another example of our ongoing investment and unwavering commitment to build best-in-class IoT platforms.”
Meshify Provides Tools for a Connected World
Based in Austin, Texas, Meshify provides the small-to-medium enterprise IoT platform for HSB Applied Technology Solutions as it explores and develops Internet of Things, artificial intelligence (AI) and other emerging technology solutions.
Applied Technology Solutions is a unit of HSB, a multi-line specialty insurer offering a unique combination of insurance, engineering and IoT services to help manage risks for business, industry, institutions, homes and farms.
Note for the editorial staff
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 A.M. Best Company’s highest financial rating, A++ (Superior). Connect with HSB on LinkedIn, Twitter and Facebook.
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 through to the 2019 Pacific typhoon season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
Hartford, Connecticut, October 27, 2020
The Hartford Steam Boiler Inspection and Insurance Company
One State Street
P.O. Box 5024
Hartford, Connecticut 06102-5024
United States