When HDI TH!NX was founded on 27 August 2019, feedback from many of HDI Global’s clients indicated that the Industrial Internet of Things (IIoT) could systematically change business models and offer significant opportunities for industry. However, in addition to the opportunities, this innovative technology also presented many companies with the challenge of developing and profitably implementing IIoT solutions. Today, HDI TH!NX has become a leading developer of IIoT-based business models and risk management solutions and has successfully launched three IIoT-based solutions: SmartWind, SmartBattery and Leak360.
“With HDI TH!NX, we have built up a start-up over the last five years that tests and develops practical application ideas relating to IIoT together with our customers and partners and brings them to full market maturity. In this way, we are jointly co-developing modern, intelligent solutions for the industry and are thereby bringing our vision of HDI Global as the “Partner in Transformation” to life,” says Dr Thomas Kuhnt, COO and CIO of HDI Global. Dr Verena Brenner, founder and managing director of HDI TH!NX, also looks back with pride: “Our approach was to rethink insurance and risk management together with clients, partners and colleagues, taking into account the possibilities of the Industrial Internet of Things. And this collaborative idea is still the foundation for every product we develop today.”
Smart solutions for wind turbines, battery storage and leaks
Over the past five years, our colleagues at HDI TH!NX have evaluated over 50 business ideas together with customers and partners. Three of them have now been brought to market: SmartWind, SmartBattery and Leak360.
SmartWind: AI monitoring for wind turbines
With SmartWind, HDI TH!NX combines Turbit’s AI monitoring software with a risk management dashboard for HDI Global. Turbit’s software continuously analyses operational data from wind turbines, enabling it to identify potential problems months in advance – before they occur and lead to unplanned downtime. This enables predictive maintenance, where work can be carried out in a targeted and efficient manner to prevent unplanned downtime and increase energy output. This service also benefits service providers, as personnel can be deployed more effectively at the plants. This enables HDI Global to provide better risk assessment, resulting in tailored, optimised insurance coverage.
SmartBattery: Data-based risk assessment for battery storage
The energy transition, sustainable use of resources and ESG requirements are exponentially increasing the demand for battery storage. Battery storage systems are now in use in many key industries. Unexpected failures or performance losses often result in high costs and lost revenue. To minimise these risks and make them calculable, HDI TH!NX, in cooperation with ACCURE, offers a customised software solution for insurers. The ACCURE platform analyses data from the battery management system and generates alerts and notifications that operators of the storage units can use to respond more quickly and thus prevent damage. The risk management dashboard from HDI TH!NX, which is built on top of this, in turn enables HDI Global to more easily assess the individual risks and offer better insurance coverage.
Leak360: Sensor solution detects leaks early and helps with ESG reporting
Water leaks are one of the types of building damage that result in the highest costs. HDI TH!NX has designed Leak360 to automatically identify leaks at an early stage and prevent damage to the building fabric. Leak360 provides effective protection against major water damage. To detect potential damage, water sensors are installed at exposed areas in the building and water meters are continuously read. An AI algorithm recognises abnormal consumption, and the sensors automatically detect damp areas and immediately alert predefined persons. As a result, damage is detected early and stopped before it spreads throughout the building. In addition, the solution makes water consumption transparent, helps to meet ESG criteria and simplifies operational processes.
Opening of the HDI TH!NX IIoT Campus
Since the end of May 2023, HDI TH!NX has also had the TH!NX IIoT Campus. In addition to the opportunity for clients and companies to address their concerns, ideas and challenges around IIoT in interactive workshops at the campus, larger formats have also been established.
The focus here is on knowledge transfer in relevant niches, such as wind turbines, battery storage, water management and leakages. The second German Leakage Summit took place recently. But the specialist conferences ‘AI – Future of Wind Power’ or the battery storage-centric ‘BESScon’ were also successes and underline the ambition of HDI TH!NX to share its experience with others and thus support the economy. “The satisfaction of our campus visitors is consistently above the industry benchmarks. More importantly, however, the feedback from our participants underscores that we are meeting the needs of the times with our formats and providing orientation at the interface between IIoT and risk management,” says Christoph Bauer, Campus Manager.
For more information about HDI Global, visit www.hdi.global.
For more information about HDI TH!NX, visit www.hdithinx.io.
About HDI TH!NX
HDI TH!NX is a leading software developer for IIoT-based business models and risk management solutions. The combination of industrial insurance expertise and state-of-the-art technology makes HDI TH!NX a unique provider for the financial and industrial sectors. HDI TH!NX solutions increase the resilience of companies and enable objective decision-making.
About HDI Global SE (HDI)
As a commercial and specialty lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies, middle market 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 has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. Acting as the Partner in Transformation, HDI Global SE leads roughly 5,000 International Programmes and offers its multinational customers compliant coverage worldwide.
HDI Global SE is the Industrial Lines Division of the Talanx Group and has been a leading insurer for several decades. Approximately 4,500 employees in this division generated insurance revenue (gross) of approx. EUR 8.2 billion in the year 2022 (according to IFRS 17).
The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Ex-change in the MDAX.
Source : HDI Global SE
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