AXA XL launches IoT tool for monitoring building health

AXA XL has officially launched its recently piloted Digital Risk Engineer proposition, a connected solution designed to monitor the 'health' of buildings and assets. Digital Risk Engineer uses IoT tech to capture energy, water (including sprinklers), heating, ventilation and air conditioning data.

The information is analysed in real time to detect anomalies in the building, allowing for early intervention to mitigate the occurrence and severity of an incident; and ensure minimal interruption when maintenance or repairs are needed. Data and analytics are then accessible via an online dashboard.

In addition to the installation of the device and the access to the dashboard, AXA XL offers clients a building health check after 90 days, using aggregated data to provide feedback, including commentary from AXA XL’s risk consulting team.

Jonathan Salter, the insurer's recently appointed head of risk consulting, said: “Digital Risk Engineer combines decades of experience in property risk engineering with some of the latest IoT innovations.

“This fully digital offering is especially relevant today as we grapple, as a society, with the impacts of COVID-19, and the likelihood that companies will try to limit in-person site visits where possible.”

Digital leader, Hélène Stanway, added: “We have seen that supplementing risk consulting with continual autonomous monitoring can make a real difference for our clients. The use of the technology can limit the risk of an incident occurring in the first place and, where it does, limit the severity. Also, early detection can reduce the associated business interruption impacts.”

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