Senseye partners with SCOR to deliver ROI Lock
ROI Lock offers a guaranteed subscription fee refund if the Predictive Maintenance (PdM) solution, Senseye PdM Complete, does not achieve full return on investment. The company has partnered with global reinsurer SCOR to co-develop ROI Lock.
By partnering with Senseye to deliver ROI Lock, SCOR is helping to accelerate the benefits of Industry 4.0 for manufacturers by developing new products managing potential financial risk arising from adopting new predictive maintenance technology.
“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.” – Simon Kampa, CEO of Senseye.
“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.” – Laurent Rousseau, Deputy CEO of SCOR Global P&C.
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.