AXA XL launches new risk assessment service

Re/insurer AXA XL has launched a new risk assessment service that combines data mining capabilities and probabilistic algorithms to carry out multi-peril assessments of a company’s physical locations.

Risk Scanning will allow risk managers to generate assessments of their company’s sites by region, country or peril to better understand their exposures and to implement risk management and risk transfer measures that accurately match their needs.

The new solution will be available globally.

Maxime Ambourg, risk consulting manager for innovation & business development at AXA XL Risk Consulting, said: “Traditional loss prevention programmes usually focus on a company’s primary locations. They can neglect the risks associated with smaller sites that are rarely visited by risk engineers, despite being where losses most often occur. By leveraging both the experience of our consultants and new technologies, Risk Scanning allows for a more exhaustive and therefore precise assessment.”

Jonathan Salter, head of risk consulting at AXA XL, added: “This launch is part of a broader strategy to further digitalise our offering and better serve risk managers. In the last year, we have launched a suite of digital services to help our clients better understand their exposure to natural hazards and, more recently, to continue evaluating loss prevention amid COVID-19 restrictions.”