16 November 2020

AXA XL Risk Consulting unveils new digital risk assessment service

AXA XL Risk Consulting has launched a new risk assessment service called Risk Scanning.

The service is available globally and 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. It allows risk managers to generate assessments of their company’s sites by region, country or peril to better understand their exposures and to implement risk management and risk transfer measures that accurately match their needs.

Maxime Ambourg, risk consulting manager for innovation and business development at AXA XL Risk Consulting, noted that traditional loss prevention programmes usually focus on a company’s primary locations and can neglect the risks associated with smaller sites that are less likely to be visited by risk engineers.

“By leveraging both the experience of our consultants and new technologies, Risk Scanning allows for a more exhaustive and therefore precise assessment,” Ambourg explained.

Jonathan Salter, head of risk consulting at AXA XL, said the launch is part of a broader strategy to further digitalise its offering and improve service for risk managers. “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,” he said.