AXA XL to launch digital platform for construction insurance
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.
The Construction Ecosystem provides access to technologies that can enhance risk management and profitability, connected as part of a digital environment that allows customers to see their information in one place via a risk dashboard. It offers benchmarking capabilities, weather risk analytics and access to claims information, among other things.
It will go live in June with selected existing customers who will provide feedback. A broader roll out is expected later in 2020.
Gary Kaplan, president of AXA XL's North America construction business, noted the construction industry has been perceived as slow to adopt new technology, but said that is about to change.
“In today's highly-competitive construction market, contractors are busy, having little time or money to vet new technologies to make sure they are right for their operations,” he said. The Construction Ecosystem platform pulls together curated technologies that AXA XL believes can reduce risk for clients and help them protect people, projects and profitability, he added.
Joe Tocco, chief executive for North America insurance at AXA XL, said: "As part of our Payer to Partner strategy, we're constantly exploring how we can share more of the right information to help our clients' loss prevention efforts, and to help our clients solve business problems. Our Construction Ecosystem allows us and our clients to collect, share and act on more information than we've ever had before.”
