Risk Solved has collaborated with AXA XL on its new ‘Digital Commercial Platform’ solution.
Risk Solved has collaborated with AXA XL on its new ‘Digital Commercial Platform’ solution. The new DCP solution is a global digital risk management platform which will aggregate different services to transform AXA’s value proposition to better serve its global commercial customers.
The aim of the Digital Commercial Platform is to leverage the combination of real time data and analytics collected through satellites, drones and sensors with AXA’s expertise in risk prevention services and the Group’s underwriting and claims capabilities to provide greater risk data and mitigation advice to global customers and stakeholders.
Risk Solved has become the first in a number of risk and consulting businesses that will join an ecosystem of providers, enabling AXA to tackle the evolving protection needs of their corporate clients.
The Digital Commercial Platform will be rolled out across the wider AXA Group and will include:
AXA Smart Services, is an ecosystem providing risk insights, risk management capabilities and new services to support its commercial clients. In partnership with this ecosystem of providers, AXA is building smart services for internal and external clients, leveraging existing capabilities and new assets. It will, for example, enable clients to monitor all their assets, both fixed and in-transit in real time, while also providing them access to tailored prevention and value-added services.
Jonathan Salter, Head of Risk Consulting of AXA XL added:
“AXA Risk Consulting is building the next generation of risk management services for our customers, integrating innovative new technologies to enhance risk data for underwriters, mitigate risk and enable greater business resilience.
“Risk Solved understood our requirements to service a multi-lingual, global customer base. Our partnership is fundamental to the success of our AXA Smart Services proposition for our Risk Consulting team and for our customers. Working with their proven solution and very experienced team we are excited about what we can achieve together.”
Richard Thomas, Chief Strategy & Partnerships Officer at Risk Solved, added:
“Risk Solved’s technology will deliver data and functionality to support AXA’s Digital Commercial Platform to enhance customer business resilience, underwriting insight and portfolio profitability. We’re delighted to be working with AXA XL following a detailed selection process, to support their global client base.”
“Together with other Ecosystem partners, our platform will be providing a truly innovative global solution that provides value to AXA’s commercial lines clients beyond protection, through greater assessments of risks, prevention advice and services.”