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AXA XL’s Novel Construction Ecosystem Platform to Accelerate Risk Management Capabilities for Contractors

Financial solutions providers such as insurance players are investing aggressively in multi-dimensional approach to revive, sustain and accelerate revenue generation favorably to defy competition challenges.
In this line, North America based AXA XL Construction insurance venture is all set to unleash novel digital platforms specially designed for contractors under the umbrella, Construction Ecosystem.
The uniquely brainstormed platform is aimed at offering ample competitive edge to contractors, as part of improved risk management practices across challenging job locales under various organizations wherein construction activities remain versatile with new age construction technologies used to monitor and govern overall work as well as data aggregation.
Diverse practices are supposed to be rendered by AXAXL’s Construction Ecosystem Program that are aimed to aid contractors’ risk management skills by offering them ample data support such as weather risks forecasts as well as historical data, claim comparison in auto and casualty segments as well as industry benchmarking.
These data sets are vital for encouraging well-informed business discretion by contractors. The program is also self-sufficient in introducing a compact, ready-to-use Tech Library to help clients in identification of technologies and service solutions which are designed to leverage performance across job sites.
In the words of President Gary Kaplan, construction industry has escaped technology integration for quite long a duration, however with changing times the scenario is up for change for better and this novel development is a significant milestone. He further added, that the platform has been mindfully designed and introduced to essentially mitigate risks in construction and technology integration, thus aimed at sustaining good will and safety of masses and construction projects at large. The platform is so designed to procure multifarious data pool from various leading companies such as Athenium Analytics, Pillar Technologies, Onsite IQ and the like.