- The two companies are exploring ways to complement each other’s strengths, to create new business models in in the field of IIoT driven insurance products and services
- Schneider Electric EcoStruxure IoT architecture and Exchange platform will simplify HDI Global SE data exploitation
Rueil-Malmaison (France) and Berlin (Germany), October 14, 2019-Schneider Electric, the leader in digital transformation of energy management and automation andHDI Global SE,a global industrial insurer, announce today the signature of a Memorandum of Understanding (MOU) to collaborate on the digital transformation of industrial insurance through data.
As part of this collaboration, the two companies are exploring ways to complement each other’s strengths, to create new business models in the field of IIoT driven insurance products and services. A world first, Schneider Electric will leverage its newly launched cross-industry open ecosystem platform,Schneider ElectricExchange, along with its EcoStruxure IoT enabled architecture, to generate, aggregate and transformbuilding,machinery and equipment data into meaningful information. These solutions will help HDI Global SE to reduce risk in real-time as well as offering tailor-made insurance and risk consulting solutions to their customers.
Dr Thomas Kuhnt, CDO and COO of HDI Global SE said:“The assessment, reduction and transfer of operative risks is our core business as a leading industrial insurer. The IIoT-enabled energy management solutions of Schneider Electric improve energy safety and enable broader innovation in our related insurance products and services to the benefits of our joint customers. This partnership is therefore an important milestone for our co-innovation strategy.”
“Combining energy management and risk management expertise takes the most of contextualized data to create additional value for industries. It is now possible thanks to our EcoStruxure IoT enabled architecture and Exchange platform that simplifies data exploitation”, saidGrégoire Viasnoff, VP of EcoStruxure Power Deployment at Schneider Electric.
About Schneider Electric
We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment.
We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.
We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.
About HDI Global SE
As an industrial lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI’s prominent position in the German and broader European market, the company also has operations in more than 150 countries through foreign branch offices, subsidiary and peer companies, and network partners. The com-pany is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks worldwide.
HDI Global SE is a company in the Talanx Group and manages the Industrial Lines Division within the Group. More than three thousand employees in this division generated gross written premiums of approx. EUR 4.7 billion in the year 2018. The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong).