Simon Kampa, CEO of Senseye, comments: “We estimate that more than two-thirds of large industrial organizations are currently evaluating PdM. Although our track record proves that we can save our customers tens of millions of dollars, we know that the initial investment has to be justified. With ROI Lock™ our customers can take advantage of our award-winning PdM solution without incurring financial risk thanks to the partnership with SCOR.”

Laurent Rousseau, Deputy CEO of SCOR Global P&C, says: “This partnership is an exciting example of SCOR’s support for digital transformation and the expansion of insurability, in line with our “Quantum Leap” strategic plan. Our relationship with Senseye, which is accelerating the use of new technologies within the industrial sector, will deepen our experience with industrial IoT and help us to develop new products that meet the evolving risk needs of our clients.”

Senseye’s ROI Lock™ is a pioneering initiative to provide customers with a full refund if the savings achieved by avoiding unplanned downtime do not exceed the cost of their PdM subscription within a year. It applies to eligible customers monitoring 50 or more assets for a minimum of 12 months.

Source: Response Source