The new Environmental Ecosystem follows the success of AXA XL’s Construction Ecosystem, which launched in March 2020 and which won Celent’s Model Insurer Award in 2021.
A proactive approach to risk mitigation is nothing new for AXA XL, which during the last 35 years has helped clients manage environmental liabilities through risk transfer through pollution insurance, loss prevention measures facilitated by the insurer’s risk consultants, and resolution of environmental incidents through a dedicated AXA XL environmental claims team, notes Mary Ann Susavidge, Chief Underwriting Officer, Environmental, AXA XL. “Now, new risk-reducing technologies provide an added boost to our offerings and our clients’ environmental risk management efforts,” Susavidge says.
AXA XL Environmental’s new Environmental Ecosystem takes risk mitigation to a new level facilitated by modern technology. As with AXA XL’s Construction Ecosystem and its curated technology specifically for construction contractors, AXA XL’s Environmental insurance team evaluated technology solutions specifically for their customers.
Source: Insurance Innovation Reporter
