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Take an innovative approach to traditional perils
The Internet of Things can be complex. We’re here to simplify it for insurance carriers and their policyholders.
Combining insurance, engineering, and technology, HSB is leading the way to fewer claims and less severe losses from common property and equipment perils.
The numbers are alarming
$2.5B
How much water and mold damage costs insurance companies each year
20%
Of ALL commercial property losses come from non-weather water damage
$10,000
The average water damage insurance claim cost in the U.S.
Why Sensor Solutions by HSB™?
Smart sensors are enabling exciting new insurance models and experiences — but not all smart sensors are created equal. Our flagship solution is truly smart by every definition of the word. Partners who commit to our IoT program can achieve payback in less than one year while benefiting from:
- Customized IoT program design
- Leading edge technology
- Proprietary alert algorithms (designed by HSB engineers)
- Actionable data and analytics
- Diverse business models for investment
506%
Top 10 Clients
Average ROI in 2021
Creating a variety of breakthrough insurance and performance business models for our partners
Technology-enabled risk mitigation looks like this
.png/_jcr_content/renditions/original./MicrosoftTeams-image%20(3).png "Hardware and installation")
Loss prevention is our biggest concern. The frozen and broken pipes this past winter cost us almost $800,000, nearly double our past 10-year average. Now with the sensor technology, we can often anticipate an issue and get it repaired before it causes costly damage.