AXA and AWS team up to revolutionize global risk management

Insurance
08/04/2024 News

AXA, a leader in insurance and asset management, has partnered with Amazon Web Services (AWS) to develop the AXA Digital Commercial Platform (DCP), a cutting-edge solution for risk management.

The DCP integrates industry data, business insights, and environmental factors with advanced geospatial analytics and AI technologies, empowering organizations worldwide to monitor assets and navigate complex risks such as natural disasters and cyber threats.

Scott Gunter, CEO of AXA XL, stressed the importance of resilience in today's climate, citing extreme weather and cyber-attacks as major challenges. Leveraging AWS analytics, AXA plans to launch services benefiting both existing and new clients globally.

The collaboration will utilize Amazon Bedrock, offering high-performing AI models for real-time data analysis. This will enhance AXA's risk prevention services, enabling better prediction and mitigation of risks in insurance product development.

Alexander Vollert, COO of AXA Group Operations, highlighted the transformative potential of the partnership, while Kathrin Renz, VP of AWS Industries, emphasized its customer-centric focus and commitment to empowering businesses worldwide.

In essence, the AXA Digital Commercial Platform represents a groundbreaking shift in risk management, providing a comprehensive suite of services to safeguard assets and drive sustainable growth in an increasingly complex business landscape.

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