AXA XL expands use of Digital Risk Engineer after successful pilot

28-09-2020

AXA XL is expanding the use of its new Digital Risk Engineer (DRE) offering following the success of the product during the pilot phase.

DRE enables companies to monitor the health of their buildings and assets. It uses the internet of things devices installed in the clients’ buildings to capture information from connected systems such as energy, water (including sprinklers), heating, ventilation and air conditioning (HVAC). The information is analysed in real time to detect anomalies in the building, allowing for early intervention to mitigate the occurrence and severity of an incident. 

The data and insights are accessible to the client and AXA XL’s risk consultants via an online dashboard. Clients also have access to a building health check after 90 days, using aggregated data to provide feedback, including commentary from AXA XL’s risk consulting team, AXA XL said. 

Jonathan Salter, recently announced head of risk consulting at AXA XL, said: “This fully digital offering is especially relevant today as we grapple, as a society, with the impacts of COVID-19, and the likelihood that companies will try to limit in-person site visits where possible.”

Hélène Stanway, digital leader at AXA XL, said: “The use of the technology can limit the risk of an incident occurring in the first place and, where it does, limit the severity.  Also, early detection can reduce the associated business interruption impacts.”

 

AXA XL, Jonathan Salter, Hélène Stanway

Bermuda Re