AXA XL launches virtual risk assessment amid COVID-19 lockdown

Re/insurer AXA XL has launched a new risk assessment service to continue evaluating loss prevention across business lines amid COVID-19 restrictions.

Using data captured from telephone calls, web tools and existing reports, Remote Risk Dialogue enables AXA XL’s risk engineers to perform remote analysis not seen in traditional loss prevention programmes and provide risk managers, underwriters and brokers with an up-to-date view of a client’s risks.

Corinne Vitrac, chief executive of AXA XL Risk Consulting, said: “With restrictions on delivering surveys and carrying out client visits globally, we’ve had to think of new ways of supporting our clients to manage their risks.”

“Remote Risk Dialogue allows us to continue to interpret clients’ data and assess any potential new risks," Vitrac added. "For example, in response to COVID-19 some clothing manufacturers have started to manufacture masks, alcoholic beverage producers are making hand sanitizer while some domestic appliance manufacturers are making medical devices. These changes to operations and output bring about new risks. Identifying, managing and mitigating these risks is key and we are proud to be standing alongside our clients to support them in adapting and innovating in these challenging times.”