Reinsurance News

AXA XL’s North America Construction business adopts RCT platform

22nd April 2021 - Author: Matt Sheehan

AXA XL’s North America Construction insurance business has adopted the software platform from Risk Control Technologies (RCT), Inc.

ConstructionRCT’s risk engineering enterprise software platform is specific to the re/insurance industry and provides clients with access to risk engineering and loss prevention information.

AXA XL’s Construction Risk Engineering team will use the platform to collect information from their on-going risk assessments of clients’ jobsite.

During a risk assessment, risk engineers evaluate a jobsite’s overall risk, identify possible exposures and make recommendations for corrective actions that may help minimize the risk and prevent a loss.

Going forward, these risk engineers will input their observations into the RCT platform to generate a report which will be emailed to clients, AXA XL explained.

“By enlisting RCT’s platform, we can easily share this information to have ongoing discussions with our clients, helping them enhance their loss preventions efforts to protect their projects, people and profits,” said Gary Kaplan, President of AXA XL’s North America Construction business.

“Using this platform, along with our Construction Ecosystem and Technology Adoption Maturity Index (TAMI), we’re intent on helping our clients improve their overall operations with quality data and information and the best technology available to them.”

Scott Merchant, Head of Construction Risk Engineering, also commented: “The information collected by our risk engineering team provides us with valuable insight to help us accurately price, underwriting insurance coverage and guide our clients’ loss prevention efforts.”

“Overtime, we will have the ability to benchmark clients’ best practices as well as provide them with a holistic, multi-line risk profile that will be invaluable and give them a deeper understanding of their risk exposures.”

David Da Costa, CEO of RCT, added: “AXA XL has been innovative and a big proponent in showing how greater tech adoption can help its construction clients reduce risks. We are excited to be working with them to help their clients improve risk control and safety operations, and look forward to a long partnership.”

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