AXA XL launches Digital Risk Engineer connected solution to monitor building health
AXA XL is accelerating the scaling of its new Digital Risk Engineer proposition – a connected solution designed to enable companies to monitor the “health” of their buildings and assets – having recently completed the successful pilot phase.
Available globally, Digital Risk Engineer uses Internet of Things (IoT) 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. Early detection also helps to ensure minimal interruption when maintenance or repairs are needed. The data and insights are accessible to the client and AXA XL’s risk consultants via an online dashboard.
In addition to the installation of the device and the access to the dashboard, AXA XL offers clients a “building health check” after 90 days, using aggregated data to provide feedback, including commentary from AXA XL’s risk consulting team.
Jonathan Salter, recently announced Head of Risk Consulting at AXA XL*, commented: “Digital Risk Engineer combines decades of experience in property risk engineering with some of the latest IoT innovations.
He added: “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, added: “We have seen that supplementing risk consulting with continual autonomous monitoring can make a real difference for our clients. 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.”
Authored by AXA XL
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About AXA XL
AXA XL is the P&C and specialty risk division of AXA which provides property, casualty, professional and speciality products to industrial, commercial and professional firms, insurance companies and other enterprises, here in the UK and throughout the world. With underwriting teams based in the US, UK, EMEA and Asia Pacific regions, we can make decisions close to the markets you serve and work with you to tailor cover to your business needs.
We help businesses adapt and thrive amidst change. Rather than just paying covered claims when things go wrong, we go beyond protection into prevention so your business can go beyond the unexpected.