Schneider Electric and HDI Global are to collaborate on a digital transformation programme that will see the insurer harvesting data from the recently launched cross-industry open ecosystem platform, Schneider Electric Exchange, and its EcoStruxure IoT-enabled architecture, to generate, aggregate and transform building, machinery and equipment data. The data will be used by HDI to reduce risk and offer tailored insurance and risk consulting solutions to clients.

Commenting on this first in the field of IIoT-driven insurance products and services, COO of HDI Global SE, Dr Thomas Kuhnt said the partnership was an important milestone for its "co-innovation strategy".

“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," he said.

Schneider Electric's vice-president of EcoStruxure Power Deployment, Grégoire Viasnoff added: “Combining energy management and risk management expertise takes the most of contextualised 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."

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