21 April 2021Insurance

AXA XL, Risk Control Technologies to provide enhanced risk assessments for construction clients

AXA XL's North America Construction insurance business has partnered with Risk Control Technologies (RCT), a risk engineering enterprise software platform catering to the insurance industry, to provide clients with easy access to risk engineering and loss prevention information.

AXA XL's construction risk engineering team will use the platform to collect information from its on-going risk assessments of clients' job sites. Risk engineers will input their observations regarding possible exposures and how to minimise risk exposures and loss into the RCT platform, which will generate a report that will be emailed to clients.

David Da Costa, chief executive officer at RCT, praised AXA XL for its innovation, noting it has been “a big proponent in showing how greater tech adoption can help its construction clients reduce risks.”

Gary Kaplan, president of AXA XL's North America construction business, said: "Using this platform, along with our Construction Ecosystem and Technology Adoption Maturity Index (TAMI), we're intent on helping our clients improve their overall operations with quality data and information and the best technology available to them."

Scott Merchant, head of construction risk engineering at AXA XL, added: "Over time, we will have the ability to benchmark clients' best practices as well as provide them with a holistic, multi-line risk profile that will be invaluable and give them a deeper understanding of their risk exposures."

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