Munich Re member firm The Hartford Steam Boiler (HSB) has launched a new generation of its Sensor Systems solution; sensors and software that connect equipment and facilities through the Internet of Things (IoT).
Delivered as a kit for commercial customers, the sensors use proprietary algorithms to help prevent loss and improve performance.
HSB’s algorithms analyse data on temperature, water accumulation, power outages, motion and humidity to identify and report on potential risks.
The software can account for temporary conditions, such as workers loading a freezer, so alerts can more accurately identify and communicate when action is required.
“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.
“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.”
The new HSB sensors use LoRaWAN, a low-power wide-area networks wireless technology 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.
