AXA XL launches new risk assessment service

AXA XL launches new risk assessment service | Insurance Business

AXA XL launches new risk assessment service

AXA XL Risk Consulting has announced the launch of Risk Scanning, a new risk assessment service.

The service, which is available globally, combines the expertise of AXA XL’s risk consultants with data-mining capabilities and probabilistic algorithms to carry out multi-peril assessments of a company’s physical locations, AXA XL said.

Risk Scanning allows risk managers to make assessments of their company’s sites by region, country or peril, which AXA XL said would allow them to better understand their exposures and implement risk management and risk transfer strategies that more accurately matched their needs.

“Traditional loss-prevention programs 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,” said Maxime Ambourg, risk consulting manager for innovation and business development at AXA XL Risk Consulting. “By leveraging both the experience of our consultants and new technologies, Risk Scanning allows for a more exhaustive and therefore precise assessment.”

“This launch is part of a broader strategy to further digitalise our offering and better serve risk managers,” said Jonathan Salter, head of risk consulting at AXA XL. “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.”