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Axa announces plan for digital commercial platform

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Axa has launched a strategic program for the development of a digital commercial platform to strengthen its business offerings.

The insurer says the platform aims to fully leverage the combination of real time data and analytics collected through satellites, drones and sensors with its expertise in risk prevention services, underwriting and claims capabilities.

Axa says the goal is to “build an ecosystem of new services to tackle evolving protection needs of corporate clients”.

The platform will feature two initial programs, Axa Smart Services and Axa Climate.

Axa Smart Services is a network providing risk insights, risk management capabilities and new services to support commercial clients and Axa Climate is a science and data-based open ecosystem that provides a spectrum of sustainability services such as training, consulting and insurance for large corporate clients as well as public and financial institutions.

“Our ambition is to develop an innovative global solution that provides value to our commercial lines clients through protection and prevention,” Axa XL CEO Scott Gunter said. “We recognise that traditional insurance is no longer the sole answer to our clients’ evolving risks.

“With [the] Digital Commercial Platform, we are building a platform for insurance and risk management services that will transform our value proposition and the way we operate to serve our clients.”