Renewable Energies.
The rise of renewable energy sources like solar and wind brings new challenges and opportunities for insurers. Our SmartAsset solutions provide comprehensive risk assessment tools that integrate real-time data on asset health, performance, and more. This allows insurers and brokers to accurately assess risks, develop more tailored insurance policies, and help their clients optimize the resilience of their renewable energy assets.
Capabilities of our SmartAsset
Solutions.
Our SmartAsset solutions are designed to provide real-time insights and predictive analytics across a variety of industries. Whether the insured are operators of wind farms or battery storage systems, these solutions share common values.
AI-Powered Insights
Advanced algorithms analyze asset performance and risks continuously.
Proactive Risk Mitigation
Proactive solutions that help prevent costly downtime and failures.
Customizable Dashboards
Flexible reporting tailored to each stakeholder's needs, enhancing decision-making.
Real-Time Monitoring
Early detection and mitigation of potential issues before they escalate.
Introducing our unique AI-based risk management solution for the wind energy sector. PROTH!NX acts as a bridge between technology providers and insurers, ensuring not only comprehensive risk prevention but also insurance coverage. Our customized approach enables operational and financial security for windfarm operators.
The Challenge
The rapid advancement of wind turbine technology challenges insurers due to a lack of transparency and inadequate historical data for risk assessments. In key markets like Germany, where wind energy is essential for the energy transition, insurers and operators face increasing pressure to manage financial risks while addressing limited OEM service contracts and exclusions.
Our Solution
SmartWind provides an innovative solution with validated Predictive Maintenance (PM) systems that continuously monitor wind turbines to detect technical issues early, minimizing unexpected failures and downtime. The platform features a dashboard that transforms operational data and turbine alerts into insurance-relevant KPIs and risk parameters, facilitating data-driven underwriting decisions and tailored insurance solutions meeting the needs of wind farm operators.
Your Value
SmartWind equips insurers and brokers with data and tools to enhance risk understanding and optimize coverage. By automating data collection and analysis, the platform reduces manual claims processing time, enabling quicker responses and more customized policies. This results in greater portfolio efficiency and improved customer satisfaction through faster, tailored insurance solutions for wind farm operators.
Our Stakeholders
Insurers gain access to operational data, enabling precise risk assessments and the development of more competitive insurance products. Brokers benefit from a streamlined process that allows them to offer innovative risk management solutions to their clients, ultimately improving client relationships and satisfaction.
SmartWind.
Introducing our tailored AI subsidiary insurance solutions for the wind energy sector. PROTH!NX acts as a bridge between technology providers and insurers, ensuring not only comprehensive risk coverage but also risk prevention. Our customized approach leverages advanced AI to meet the unique needs of wind energy projects, providing operational and financial security.
Battery storage systems are crucial for reliable energy supply but encounter challenges like performance degradation, safety risks, and more. SmartBattery leverages AI-driven analytics that proactively monitor these systems, reducing the risk of thermal runaway and enhancing operational efficiency. This strategy adds value for both operators and insurers by optimizing risk assessment and improving insurance terms.
The Challenge
BESS present one of the least understood risks for insurers. Fires are nearly impossible to extinguish, often impacting the environment and disrupting client operations. The lack of real-time insight makes it a significant 'black box' for insurers and brokers, yet the global BESS market is projected to grow 20-fold by 2030.
Our Solution
SmartBattery delivers real-time, AI-based insights into the health and risk potential of each battery. Our solution continuously monitors BESS, providing early damage detection and critical data to inform underwriting decisions. By integrating dynamic KPIs such as State of Health (SOH) and State of Charge (SOC), we help in portfolio steering, identifying negative trends, benchmarking and renewal preparation.
Your Value
SmartBattery equips stakeholders with precise, actionable data, minimizing the risks associated with BESS. With early warning systems and predictive analytics, costly business interruptions can be avoided, risk management improved, and better informed decisions made. This enables the protection of client operations and achieving a competitive edge in the rapidly growing BESS market.
Our Stakeholders
We work closely with insurers, brokers, energy providers, investors and asset manager, providing them with the tools to better assess and mitigate risks. Together, we create a future where BESS can operate safely, efficiently, and with reduced financial exposure.
SmartBattery.
Battery storage systems are essential for ensuring reliable energy supply but face significant challenges such as performance degradation, safety risks, and operational inefficiencies. SmartBattery leverages AI-driven analytics that proactively monitor these systems, reducing the risk of failures and enhancing operational efficiency. This approach creates value for operators and insurers alike by optimizing risk assessment and improving insurance terms.
Tailored Risk Solutions for Insurers
SmartWind and SmartBattery enable insurers to deliver accurate risk assessments for tailored insurance solutions. Real-time data and predictive analytics help reduce claims, streamline handling, and enhance service offerings.
Competitive Advantage for Brokers
SmartAsset enables brokers to offer clients innovative risk management solutions, helping them stand out from competitors. With SmartBattery, brokers can also access better terms from selected insurers.
Operational Efficiency for Asset Managers
Asset managers benefit from enhanced operational efficiency through early detection of potential failures. This approach reduces downtime and likelihood of claims, lowers operational costs, and secures better insurance terms.
Staying Ahead with Smart Technology
With SmartWind and SmartBattery, insurers and brokers leverage advanced analytics to stay ahead of industry challenges. These solutions minimize risks, support renewable energy growth, and ensure superior service.