AXA XL launches Digital Risk Engineer

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.

“Digital Risk Engineer combines decades of experience in property risk engineering with some of the latest IoT innovations. 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.” – Head of Risk Consulting at AXA XL, Jonathan Salter.

“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.” – Digital Leader at AXA XL, Hélène Stanway.