AXA XL teams up with Procore to help contractors stay safe and compliant

AXA XL’s North America Construction insurance business has teamed up with California-based construction management software provider Procore Technologies to help contractors step up productivity and project risk management.

Founded in 2003, Procore is a team of over 2,000 people. Its construction platform enables key stakeholders (owners, general contractors, specialty contractors, architects, and engineers) to collaborate across locations and devices to ultimately increase productivity and efficiency, reduce rework and costly delays, improve safety and compliance, and have more financial transparency and accountability.

“There are so many new technologies available on the market today it’s hard for contractors to determine which is best for their operations. In creating our Construction Ecosystem’s Tech Library, we evaluated and tested a broad spectrum of technologies, like Procore, to determine which could have the biggest risk-reducing impact on our clients’ risk management efforts. Procore has tremendous risk-reducing potential.” – Gary Kaplan, president of AXA XL’s North America Construction business.

“In today’s construction market, contractors continue to face tighter profit margins, deadlines and labor markets that can make project management more challenging than ever before. Proven technologies like Procore’s can help our clients keep tighter control on their project management to help keep projects on schedule, avoid costly delays and subsequent losses.” – Justin Gress, AXA XL’s Head of Strategic Operations.

“Procore’s platform provides one place for project teams to work together with an integrated set of construction applications that are mobile-ready for the field. It’s exciting to be part of AXA XL’s Construction Ecosystem, which brings together technologies and puts the construction industry a step further by utilizing insights from data so construction professionals get a more complete picture of risks across jobsites.” – Danny Seigle, Vice President, Business Development & Marketplace at Procore.

The news follows Procore’s partnership with Travelers in which the insurer offers the software to policyholders at a 20% discount for eligible Travelers construction insurance customers in Arizona, Colorado, Connecticut, Kansas, Kentucky, Minnesota, New Jersey, North Carolina, Tennessee and Wisconsin.