AXA XL to launch digital platform for construction businesses

Re/insurer AXA XL North America is planning to launch an integrated digital platform Construction Ecosystem to provide contractors in-depth insight of job sites and operational risks.

The ecosystem will include access to industry benchmarking, auto and casualty claims comparison, forecasted weather risks and historical weather data, project specific analytics, and integrated data from third-party technology, among others.

Gary Kaplan, president of AXA XL's North America Construction business: "The construction industry may have a reputation of being slow to adapt to technology, but that's 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. That's why we set out to help.

"In creating the Construction Ecosystem, we have pulled together curated technologies that we believe will have potentially significant risk-reducing impact for the investment and to help our clients more effectively protect their people, projects and profitability so they can successfully build and rebuild North America."

Joe Tocco, chief executive, North America Insurance for AXA XL, added: "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.

Justin Gress, AXA XL's director of strategic operations, further explained: "With the help of our construction clients, we have compiled technologies that we believe may have the most impact on their risk management efforts and bottom line. We've also connected these technologies together to create a digital environment where clients can see their information all in one spot providing a risk dashboard, benchmarking capabilities, access to claims information and more."