Amazon partners with AXA to develop global risk management platform
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Amazon partners with AXA to develop global risk management platform 05 April 2024US Reporter: Diana Bui
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Amazon Web Services (AWS) and AXA have collaborated to build a digital commercial platform (DCP) and associated software services.
AXA DCP is a secure risk management platform that combines industry, business and environmental data with geospatial analytics and generative AI technologies.
It will help clients globally monitor their assets and navigate complex and interconnected risks, including natural disasters, supply chain disruption and cyber threats.
AXA will use AWS analytics capabilities to provide numerous services for existing clients and for AWS clients through the AWS Marketplace and the AWS Data Exchange.
Scott Gunter, CEO of AXA XL, says: “Globally clients are grappling with extreme weather, cyber-attacks and other shocks and disruptions. We believe that building resilience is more essential than ever.
“That is why we are working with AWS, combining their tech capabilities with AXA’s expertise in commercial insurance to develop the next generation of risk management insights and services to help clients unlock their full potential.”
Kathrin Renz, vice president of AWS Industries, states: “AWS will help AXA support its business clients, creating secure, compliant new services and capabilities fueled by advanced technologies like generative AI.
“Amazon’s experience in building, operating and scaling marketplaces will also help AXA tap into innovation from companies beyond the financial services industry, offering more ways to plan for uncertainty.”
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