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“A confluence of trends, including real-time data streaming and analytics driven by artificial intelligence, is enabling businesses and the insurance industry to move toward real-time risk management,” John Drzik, president of global risk and digital at Marsh, said in a press release. “We see great opportunity to innovate solutions that have large-scale impacts for a wide range of our clients.” (Photo: Shutterstock) “A confluence of trends, including real-time data streaming and analytics driven by artificial intelligence, is enabling businesses and the insurance industry to move toward real-time risk management,” John Drzik, president of global risk and digital at Marsh, said in a press release. “We see great opportunity to innovate solutions that have large-scale impacts for a wide range of our clients.” (Photo: Shutterstock)

The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has created an alliance with CNA to offer HSB’s IoT technology solutions to CNA’s small and mid-size commercial property policyholders to help prevent or reduce property damage and business interruption loss. Utilizing proprietary sensors and customized algorithms, HSB IoT technology is a commercial-strength, turnkey package of hardware and software, data analytics, back-end operations, targeted alerts and 24/7 monitoring supporting.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.

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