Jul 27, 2022
Host Chris Hampshire is joined
today by Hemant Sarma, Global Digital Internet of Things Manager at
Chubb, the world’s largest publicly traded property and casualty
insurer. Hemant has been with Chubb for over 25 years and is
responsible for developing enterprise strategies that leverage
internet-connected technologies to advance the company’s
best-in-class risk engineering services. He has joined the podcast
for a discussion about the Internet of Things and his work at
StreamLabs, a manufacturer of commercial IoT water sensors, and how
it all works.
- Hemant shares the journey that led him to a
career in risk management.
- How did growing up in India inform Hemant’s
involvement in insurance?
- The application of IoT in the insurance world
has only been accelerated by the pandemic.
- Examples of how IoT technologies benefit both
insurance customers and underwriters.
- Improved applications of data allow Chubb to
make better decisions.
- Real-time data helps to predict and prevent
potential risks and improve underwriting data points.
- The apprentice program at Chubb helps to
attract new talent to the insurance industry.
- Chubb also offers college scholarships and
rotation programs to continue to build a pipeline of future
- Characteristics that Chubb looks for in
interviews and potential new hires.
- Hemant’s career path has been guided by the
kinds of problems that he aims to solve.
- He aims to tackle the challenges and
opportunities that face the company.
- A look at the industry five years from now
reveals that IoT is going to play a continually increased
- Details of a changing distribution model, the
role of the underwriter, and the changing nature of risks
- Hemant reveals the wisdom he wishes he would
have known when he started his career.
Keep Getting Better
- “COVID-19 has made very clear the role of IoT
in our lives.”
- “IoT is going to be a gamechanger for the
- “We are continuing to build a pipeline of our
future employees and candidates.”
- “As roles evolve and the opportunity arises,
keep an eye open for that and you will definitely find ways to
dabble in IoT.”
- “This is going to be a very interesting
marketplace over the next five years.”