How do you minimize losses across business lines amid the various coronavirus-themed restrictions currently in place? AXA XL believes it may have a solution.
The firm has announced the launch of a new risk assessment service, known as Remote Risk Dialogue. It uses data that is captured from phone calls, reports and web tools to enable risk engineers to perform remote analysis that would not normally be seen in traditional loss prevention offerings. In addition, risk managers, brokers and underwriters will benefit from an up-to-date view of the client’s risks.
Chief executive of AXA XL Risk Consulting, Corinne Vitrac, explained that the restrictions currently being placed on delivering surveys and visiting clients globally prompted a new way of thinking.
“Remote Risk Dialogue allows us to continue to interpret clients’ data and assess any potential new risks. 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,” said Vitrac. “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.”
The company is also hosting webinars for risk managers to discuss the risks their companies are facing and ways to mitigate them.