9:00 – 9:15 a.m. – "Welcome and Introductory Remarks"
• Speaker: Steve Phillips, COO of Sovereign Insurance
9:15 – 10:15 a.m. – PRESENTATION #1: "How IoT is Shaping the Landscape of Insurance"
• Speaker: Abhishek Gupta of HSB Canada
o HSB has developed solutions to predict and prevent fire and water-related losses as part of its next generation technology solutions. Under the HSB Applied Technologies Canada and as part of the Internet of Things (IoT) solutions, we designed a sensor based offering to predict and prevent losses resulting from the major perils in the insurance industry, including: water damage including flooding, electrical fires, frozen or burst pipes and related losses, and variations in temperature resulting in moisture and mould conditions.
This discussion will address how sensors are mitigating these losses, their specific uses, and the application of these devices in major classes of business for insurance clients.
10:30 – 11:30 a.m. – PRESENTATION #2: "Uncovering the Hidden Business Risks of Corrosion to Evaluate Asset Integrity"
• Speaker: Brycklin Wilson, Senior Corrosion Specialist at ICE Dragon Corrosion
o The global cost of corrosion across industries is estimated to be USD 2.5 trillion. This accounts for the direct costs only, corrosion poses additional safety, environmental and business risks that are hidden by the traditional operations and maintenance metrics tracking corrosion losses. In mining there have been fatalities and environmental disasters where corrosion has been a key contributing factor. ICE Dragon Corrosion is developing ways of integrating corrosion risk management practices with client asset integrity and sustainable business goals. This talk will explore the source and magnitude of corrosion risk in mining and will provide an evaluation technique for asset integrity indexing based on a framework of best practices that will help us keep people, the environment and businesses safe from corrosion.