The Hartford Steam Boiler Inspection and Insurance Company (HSB) and HSB Meshify, a technology subsidiary, announced on Wednesday that it has become a contributor member of the LoRa Alliance.
As a contributor member of the LoRa Alliance, HSB will help shape the future of LoRaWAN technology and drive adoption of IoT applications on behalf of the organization’s more than 500 companies.
The non-profit technology association supports and promotes a global open standard for low-power wide-area network (LoRaWAN) Internet of Things connectivity.
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. Throughout its HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers.
The LoRa Alliance is an open, nonprofit association that has become one of the largest and fastest-growing alliances in the technology sector since its inception in 2015. Its members closely collaborate and share experiences to promote the LoRaWAN protocol as the open global standard for secure, carrier-grade IoT LPWAN connectivity.
With the technical flexibility to address a broad range of IoT applications, both static and mobile, and a certification program to guarantee interoperability, the LoRaWAN protocol has been deployed by major mobile network operators globally, and connectivity is available in over 100 countries, with continual expansion.
“LoRaWAN’s long range, high interoperability, and low power requirements enable us to create tailored applications for a variety of commercial and industrial environments,” said Lewis Wight, chief technology officer for HSB Meshify. “Our membership in the LoRa Alliance allows us to collaborate and share experiences with other technology companies leading the IoT revolution.”
The LoRa Alliance protocol standardizes low power wide area networks to ensure the connectivity of devices and enable the Internet of Things. LoRaWAN technology has the flexibility to cover almost any use or device and is becoming the low power wide area network of choice.
HSB Sensor Systems is an IoT solution that gives insurers and insureds the ability to remotely detect conditions at insured locations 24/7. Through actionable alerts to policyholders, HSB’s solution prevents and reduces equipment and property losses, as well as the costs from business interruption.
HSB’s next generation LoRaWAN sensors have extended range to connect dispersed equipment and facilities and can communicate through building structures, enabling more cost-effective solutions for large facilities and multi-building settings.
