SmartWind makes wind risks manageable for insurers
Our award-winning platform transforms ongoing signals from plant operations into a format that insurers can use for underwriting, renewal, portfolio management, and claims processing. With traffic light indicators, trends, KPIs, and benchmarks tailored to each customer, location, plant, and turbine type, we enable AI-powered insurance for the wind energy sector.
Challenges for Insurers
Portfolio management without leading indicators
Decisions are often based only on isolated pieces of information and, especially with new investments, a lack of experience.
Uncertainty during underwriting and renewals
Risk quality per customer and location is difficult to compare.
Risk engineering without a benchmark
Measures are recommended, but their implementation and impact are difficult to verify over time.
Claims effort and friction
Event logs and technical signals are scattered across various sources, making responsibilities difficult to track.
IT Realities
Complex integrations are hardly feasible; business departments require solutions that can be launched without initiating a major project.
Our Solution
SmartWind translates pre-analyzed SCADA and predictive maintenance events into insurance-relevant key performance indicators for underwriting, risk engineering, and claims.
It's a browser-based solution requiring no system integration.
The platform features a dashboard that transforms operational data and anomaly alerts into insurance-relevant KPIs and risk parameters, facilitating data-driven risk consultancy for customers and accurate, detailed information for renewal discussions with insurance partners.
The Risk Factors
Your service, your branding, your sharing rules.
White Label Branding
Platform and reports in the look and feel of your company.
Multi Carrier Broker Master View
Assess risks in a multi-client and cross-insurer manner.
Sharing Tiers
Control all information:
-
Brokers and policyholders: pure risk advisory and broker internal monitoring.
-
Placement: KPI summaries for selected insurers.
-
Sublicensing: provide insurers with dynamic risk assessment as an add-on service.
SmartWind benefits all departments.
Underwriting
Active underwriting for wind energy using real-time data instead of gut feeling.
-
Trends, KPIs, and benchmarks as a basis for terms and conditions, deductibles, and obligations.
-
New inquiries are more predictable through comparison with existing, similar investments.
-
Early identification of accounts with unusual KPI trends.
Risk Engineering
Making risk reduction measurable, and not just on the day of inspection.
-
Ongoing overview for each location and fleet.
-
Prioritization of focus on facilities and locations with deteriorating KPIs.
-
Structured reports for underwriting and division management, demonstrating where measures have been effective.
-
Concrete recommendations for action and risk mitigation measures for operators.
Claims
Faster classification, better coordination, more efficient regulation.
-
Overview of relevant events and key figures before, during, and after a claim, e.g., for clarifying recourse options.
-
Standardized reports for internal coordination with underwriting and risk engineering, as well as external partners.
-
Less searching across multiple sources, more time for assessment and negotiation.
Division/Portfolio Management
Portfolio Management with Leading Indicators, without a major IT project.
With SmartWind, division managers gain a scalable fact-based foundation for proactively managing wind portfolios. Status, trends, and benchmarks reveal where risks are concentrated and how the portfolio is performing. Pilotable on a small scale with a few policyholders, and rollable across the entire portfolio.
100% control for the insurer.
Trust by Design for Insurers
SmartWind is designed to meet the governance requirements of large brokerage firms.
Consent and Traceability
Key performance indicators (KPIs) are only made available with the policyholder's approval, including documentation and an audit trail.
Data Minimization
Focus on machine data, events, and derived KPIs; no personal data.
Roles and Permissions
Views and exports for underwriting, risk engineering, and claims, tailored to your organization.
IT Realism
No integration into core systems required; browser-based with login; rapid deployment in a pilot phase.
Claims Advocacy with Structured Evidence Packs
In the event of damage, SmartWind provides a structured claims advocacy service.
Complete timeline pack from alarm to operator response to notification to service or OEM.
Proof that relevant anomalies were reported and what measures were taken.
Improved starting point for recourse against maintenance companies.
Simplifying and accelerating information and data exchange for faster service to your customers.
Case: HDI Global & SmartWind.
HDI Global faced the challenge that competitive premium pressure and increasing claims made insuring wind turbines increasingly unprofitable. At the same time, a lack of transparency in the event of a claim led to unclear responsibilities.
With PROTH!NX, HDI Global evaluated AI-based monitoring solutions for the early detection of technical anomalies. SmartWind translates analyses from validated providers directly into insurance-relevant key performance indicators (KPIs), thus offering risk engineers and underwriters an objective, data-driven basis for decision-making for the first time.
AI insurance by HDI Global reduces the risk of costly major losses by motivating operators to use digital protection systems and better monitor their risks. Risk quality becomes objective and transparent, and risk improvement is measurable. The result is a healthier portfolio, more precise underwriting, and more stable insurance capacity and terms for customers.
In a Nutshell.
Ongoing leading indicators for wind portfolios instead of isolated snapshots.
Browser-based, without integration into your inventory or pricing systems.
Can be piloted on a small scale with few policyholders or portfolio sections.
Key performance indicators and reports for underwriting, risk engineering, claims and division management.
Data sharing only with the policyholder's consent, documented and auditable.
Next Steps.
Step 1
In a 30-minute briefing, we will show you, using concrete examples, how SmartWind creates a scalable fact base for underwriting, renewal, risk engineering, and claims from existing monitoring data.
Step 2
In a demo session for you and your colleagues, we will answer technical questions and explain the process, including the selection of a monitoring provider. We will also help you identify suitable customers for a pilot project.
Step 3
In an optional pilot project, you will get to know and use SmartWind. This will give you firsthand experience of what information is available about your customers' investments and how to integrate it into your insurance offerings.
Step 4
Scaling across your existing portfolio, including a sublicensing offer for participating insurers.
