sensemetrics has announced to provide a tailored IIoT solutions that gives mining companies and their insurers real-time, end-to-end tailings storage facilities (TSF) insights.
Available globally, the solution drives safety and mitigates risk across the entire TSF lifecycle, providing mine operators with unmatched access to real-time information and analytics for continuous and complete surveillance across TSF construction, operation and closure phases.
The solution also offers a variety of new features specifically designed for reinsurers and primary insurers, empowering them with critical insights for technical risk underwriting and enabling them to achieve a level of end-to-end TSF assessment not available in the mining industry until now, according to Alex Pienaar, Director of Mining, sensemetrics.
“With this new offering, we have taken our core IIoT IP and tailored it to address the long-standing and highly critical challenges of TSF risk and safety, giving our mining company customers and the reinsurers and primary insurers who work with them a level of data transparency and actionable information they haven’t seen before,” said Pienaar. “Now, both parties can work toward achieving shared outcomes, using our best-in-class technology to gain insight into what matters most to their businesses. It’s an exciting moment at sensemetrics as we support our customers and their business partners in building a safer, more successful future.”
“The aim is to enable further development and customisation of tailored TSF insurance pricing models backed by data-driven risk analysis for one or multiple TSFs over their entire lifecycle,” added Pienaar. “This ultimately secures insurability of TSFs in line with an adequate margin-profile for insurers. We view this approach as a win-win for our mining customers and their insurers.”