On May 27, 2020, AXA XL officially announced the launch of its new digital ecosystem built to help clients manage the risks associated with large construction projects. This new platform integrates construction technology from several partners, including Athenium Analytics, to provide builders and contractors with powerful insights to help mitigate risks and improve jobsite performance. The Construction Ecosystem is designed to be a one-stop-shop for AXA’s diverse group of construction clients. It provides access to a suite of integrated technology, helping construction companies manage risk holistically—from early planning to ribbon cutting. The ecosystem currently includes technology from the following partners:
- Athenium Analytics: Site-specific weather risk analytics & industry benchmarking
- Sedgwick: Claims benchmarking & analytics
- Triax: Worker wearables & sensor technology
- SmartVid.io: Jobsite predictive analytics & AI-enabled risk identification
- Pillar Technologies: Environmental data sensors, collection & alerts
- OnSite IQ: Construction visual data capture & risk assessment
- WINT (Water Intelligence): IoT platform using AI to detect & stop leaks at the source
Our GaugeConstruction weather risk dashboard, launched in 2019, provides the foundation for the risk analytics offered through the Construction Ecosystem. This partnership with AXA XL not only helps expand the reach of our construction risk analytics, but also provides key data to enhance partner technologies as well. In addition to powering the platform’s weather risk analytics, Athenium Analytics is also providing data modeling and industry benchmark metrics used across the tool. Gary Kaplan, the head of AXA XL’s construction business, said:
“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.”
The Construction Ecosystem launches this month for select clients and is slated for wider release later this year. Athenium Analytics is proud to be a core ecosystem partner, working alongside many other innovators from the insurance and construction sectors. We look forward to helping AXA XL deliver next-generation construction insights to clients across North America.
About Athenium Analytics
Athenium Analytics creates software solutions that empower clients across insurance, construction, agriculture and finance to more effectively assess risks and streamline operations. Using proprietary databases, analytics, machine learning and other cutting-edge technologies, we provide the software to help businesses improve outcomes and drive success.
About AXA XL
AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com