24 June 2020News

AXA XL offers enhanced risk evaluation service for North America construction clients

AXA XL’s North America construction insurance business has added an enhanced risk evaluation resource from TradeTapp, a preconstruction service from Autodesk Construction Cloud's BuildingConnected.

The addition is intended to help general contractors assess the impact COVID-19 might have on subcontractor businesses, allowing them to make informed, data-based decisions for project teams. It includes access to the Covid-19 impact questionnaire, a qualification tool that helps general contractors select the best teams for their projects by analysing industry data and subcontractor risks.

Cheri Hanes, a subcontractor default insurance risk engineer on AXA XL’s North America construction business, said: “COVID-19 related challenges such as project delays, supply chain disruptions and material cost escalations can be consequential for an organisation’s bottom line and increase risk of defaults.” The impact questionnaire will help contractor clients avoid default risks and deliver projects successfully, Hanes said.

Jason LaMonica, profit center head for AXA XL’s North America construction team’s subcontractor default insurance business, added: “Giving our general contractor clients access to TradeTapp’s new COVID-19 impact questionnaire will enable them to collect insight into a subcontractor’s financial and organisational stability and resilience.”

Dustin DeVan, vice president of construction industry strategy at Autodesk Construction Cloud, said: “Building successful teams and projects requires evaluating each contributor’s risks upfront, and the TradeTapp questionnaire can help organisations conduct diligence to gather the insights needed to make informed decisions.”




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28 May 2020   AXA XL's North America construction insurance business has unveiled an integrated digital platform that provides contractor clients with unique insights and benchmarks to help them manage risks on sites and across their organisations.

More on this story

News
28 May 2020   AXA XL's North America construction insurance business has unveiled an integrated digital platform that provides contractor clients with unique insights and benchmarks to help them manage risks on sites and across their organisations.