# ITC2018 : Sean Ringsted , Chief Digital Officer , Chubb
TECHNOLOGY
50
“ Life insurers , including Chubb , are starting to use wearables to track fitness and encourage or even incentivise healthy lifestyles ”
— Sean Ringsted , Chief Digital Officer , Chubb
which needs to address different priorities depending on the client . “ Chubb is working with a broad set of IoT solutions to meet the needs of several industry segments , including financial services , education , real estate , transportation , life-science , hospitals , construction and manufacturing ,” says Ringsted . Water damage prevention , in particular , has been of particular interest to the company , which estimates a small crack in a 1 / 8 “ pipe could leak 250 gallons of water in a single day . With the number of homeowners claiming for water damage in excess of USD $ 1mn annually tripling over the last five years ( average settlement costs are approximately $ 89,000 ), Ringsted highlights this as an example where IoT technology
# ITC2018 : Sean Ringsted , Chief Digital Officer , Chubb
CLICK TO WATCH | 4:54
SEPTEMBER 2020