AXA XL Introduces Environmental Ecosystem for North American Clients

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April 01, 2022

A laptop screen emits data in different formats while the background shows stock market board and a silhouette of world map

AXA XL's North American environmental insurance business has rolled out the tailored Environmental Ecosystem, designed to help clients adopt new technology solutions to manage business risks.

"For the last 35 years, we've taken a holistic approach helping our clients manage environmental liabilities through risk transfer with pollution insurance; upfront loss prevention with the help of our risk consultants; and careful resolution of an environmental incident provided by a dedicated environmental claims team," Mary Ann Susavidge, chief underwriting officer, environmental at AXA XL, said in a statement. "Now, new risk-reducing technologies provide an added boost to our offerings and our clients' environmental risk management efforts."

AXA XL said the Environmental Ecosystem follows the successful 2020 launch of the company's Construction Ecosystem and its curated technology intended specifically for construction contractors.

The company's environmental insurance team evaluated technology solutions specially for their customers. Technology partners with preferred client pricing will be introduced to clients through concierge tech advisory services. Technology partners in the Environmental Ecosystem will focus on fleet telematics, data analytics, Internet of Things sensors, imagery and robotics, enterprise software, online training, and contract support.

AXA XL noted that while those are the initial technology areas of focus, the company will continue to engage customers and explore how the Environmental Ecosystem can enhance their operations and risk management programs.

"To support great adoption of technology, by building the ecosystem we aim to take some of the time-consuming legwork out the process," Ms. Susavidge said. "With so many new technologies available today, through our ecosystem, and its tech library, we are investigating tech solutions, negotiating pricing, and sharing lessons learned to help clients access technologies that have already proven successful with similar business classes."

April 01, 2022