Market Overview

HSB Ships Next Generation Sensors and Software for its IoT Building and Equipment Alerts

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Simple-to-Install Sensor Kits Offer Extended Range and Additional
Data Points

Hartford Steam Boiler, a leading equipment breakdown and technology
insurer, today introduced its next generation sensors and software to
connect equipment and facilities through the Internet of Things. The
sensors are delivered in a simple kit for commercial customers and use
proprietary algorithms to help prevent loss and improve performance.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180723005357/en/

Sensor Systems by HSB monitors equipment and facilities 24/7 and sends alerts using IoT-based techno ...

Sensor Systems by HSB monitors equipment and facilities 24/7 and sends alerts using IoT-based technology. (Photo: Business Wire)

Sensor Systems by HSB is an early warning system for building owners,
schools, religious groups and other organizations. The service includes
all the hardware and software necessary to monitor conditions 24/7,
analyze the data and issue alerts when changes suggest trouble.

"We offer an easy IoT solution that's built on HSB's decades of
experience with equipment and technology," said Jack Volinski, senior
vice president for HSB, part of Munich Re. "HSB's engineers leveraged
technology designed by an HSB IoT startup acquisition to provide longer
range communication and to deliver more useful information that we can
customize for each sensor risk application."

HSB's algorithms analyze data on temperature, water accumulation, power
outages, motion and humidity to identify and report on potential risks.
The enhanced software can account for temporary conditions, such as
workers loading a freezer, so alerts can more accurately identify and
communicate when action is required.

The new HSB sensors use LoRaWAN™ low-power wide-area networks wireless
technology certified by the LoRa Alliance™, with extended range to
connect dispersed equipment and facilities and can communicate through
building walls and floors. The HSB technology uses cellular rather than
Wi-Fi systems, which helps protect data security and is less affected by
power outages.

Sensor Systems by HSB was launched in October 2016 and has since
collected 250 million sensor readings from client locations. It is
available to small and mid-size organizations through many leading U.S.
property-casualty insurance companies that partner with HSB and directly
from HSB to larger clients. The program allows insurers to help reduce
and minimize losses through IoT technology and provides additional value
to policyholders.

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 A.M. Best Company's highest financial rating,
A++ (Superior). For more information, visit www.hsb.com
and connect 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 to the 2017 Atlantic hurricane 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.

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