AXA XL’s North AmericaConstructioninsurance business will launch the first-of-its-kind Construction Ecosystem, an integrated digital platform, employing innovative construction technologies to monitor and aggregate data that provides AXA XL’s contractor clients with unique insights and benchmarks to help manage risks on their jobsites and across their organizations.
Starting in June, a number of current customers will have exclusive access to the Construction Ecosystem and have signed on to utilize and provide initial feedback on the platform. Wider access is planned for later in 2020.
According to 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.”