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.”

    Share Story:

Recent Stories


Financial institutions were early adopters of cyber security and insurance. Are they still on top of the game?
Managing huge amounts of sensitive data online makes financial institutions a prime target for hackers. As such, the sector was an early cohort for insurers in creating cyber cover. Since then, the market has evolved almost beyond recognition. It continues to challenge itself to this day, complying with rigorous regulatory demands and implementing avant-garde enhancements to keep abreast of the ever-changing risks. Published June 2021

Manufacturing: An industry at risk amid great technological change
Of the many sectors of business, manufacturing companies are among the most at risk from cyber threats. How has the sector evolved to make it so vulnerable and what does the task of managing cyber exposure in a manufacturing company look like? CIR’s latest podcast with Tokio Marine HCC sought to answer all these questions and more. Published April 2021