What:
HSB has announced a strategic agreement with Schneider Electric to expand their suite of risk management technologies and financial protections.
Why:
Through their collaboration, the companies will bring their customers a combination of technology products and services for electrical and equipment risks.
How:
- In their first joint effort, HSB will provide performance guarantees for Schneider Electric’s ArcBlok™ 2500 electrical risk management technology, which helps prevent and limit dangerous electrical arc flashes occurring within industrial motor control centers and electrical switchboards.
- HSB will also create new financial products, including warranties and performance guarantees, for customers of Schneider Electric EcoStruxure™ Power solutions.
- In addition, the companies will explore new data products that benefit insurers and their policyholders.