Florian Breker

Data-based services help industrial insurance and mechanical engineering

Every ten minutes, an insured machine damage occurs in Germany. Whether unforeseen operational damage due to operating or material errors, short circuits and overvoltage, or damage due to frost and ice: the fact is, in the event of a failure there is a risk of high losses, which in the worst case can also mean the end of the company. Anyone who depends on the proper functioning of their machinery and equipment in their daily business operations should therefore always protect themselves with insurance. In this way, damage can be covered by repair, the replacement purchase or, in the case of a total loss, the current value. Furthermore, live data from machines and systems is increasingly being used to detect dangerous situations in advance, to monitor them seamlessly and thus, for example, to initiate necessary maintenance work in good time – before damage occurs! Sharing this data with the insurer now also brings some advantages. What is the concept in the industry here? Is there such a thing as discounts, bonus miles, or better premiums by reducing risk? We clarify these questions and more in today’s episode of the IoT Use Case Podcast with Madeleine Mickeleit. Aerzen Digital Systems is the digital unit of the AERZEN Group and subsidiary of Aerzener Maschinenfabrik GmbH. Florian Breker (Business Consultant IoT & Data Science, AERZEN Digital Systems) will be the company’s guest speaker. He brought along Carl Brand, claims adjuster at VGH Insurance. Among other things, the two explain what new technology trends are emerging and what added value data-driven services and services bring to a wide range of stakeholders.