HSB to Offer Leak, Freeze Damage Sensor for Small Businesses

HSB, part of Munich Re, has introduced a cellular IoT sensor product designed to help smaller businesses and organizations prevent property damage.

The device leverages IoT-specific cellular networks and connects to the internet to utilize proprietary algorithms to monitor for water leaks, freeze conditions and extreme temperatures.

Lewis Wight, chief technology officer for HSB Meshify said by offering a cellular solution, HSB has eliminated the need for Wi-Fi passwords or Wi-Fi signal strength issues.

HSB Meshify, a wholly-owned IoT subsidiary of HSB, developed the leak and freeze sensor solution for commercial locations, such as small businesses, churches, habitational, and professional offices. HSB’s sensors monitor property conditions and issue 24/7 alerts when potential problems are identified.

The HSB Meshify sensor is one of the first narrow band or LTE-M cellular devices commercialized specifically for smaller businesses and institutions. To optimize cost, the sensor eliminates the need for a gateway and proactively conserves battery life and data usage.

The small, battery-powered sensors communicate through cellular technology specifically developed for Internet of Things devices and provide a simple and secure link to transmit water leak and temperature data. Since Wi-Fi is not required, HSB’s latest sensors avoid additional cyber-risk and can be placed anywhere in a building, including areas where local network connectivity is weak.

The sensors will be added to HSB Connected Technologies’ product line of commercial IoT sensor solutions. HSB has collected more than 500 million sensor readings from client locations.

HSB Connected Technologies is responsible for the development and exploration of innovative technologies and their disruptive impact on risk at Hartford Steam Boiler through internal R&D, corporate VC investments, and partnerships with diverse companies.

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.

Topics Commercial Lines Business Insurance