AXA Corporate Solutions reveals two new products at AIRMIC

Technology is very much evident in one of two new products which AXA Corporate Solutions is showcasing at AIRMIC.

VisioRisk is a trademark name of a tool for visualising, evaluating and managing aggregate CAT risks, and thereby optimising risk transfer efficiency. This was developed as a result of Hurricane Katrina in 2005 when the company, like its peers, needed quick and accurate information on its potential insurance exposures.

It became clear very quickly that VisioRisk could address a genuine client need as the tool is applicable to other disasters, including floods, earthquakes and cyclones. And, in April this year, VisioRisk received the judges’ special commendation for the category “Risk Management Product of the Year” in StrategicRISK’s European Risk Management Awards.

The other new product at AIRMIC is Panorama, a mechanism to ensure an integrated, efficient and comprehensive claims strategy.

“Risk managed business is core to AXA Corporate Solutions’ strategy, that is why we place great importance on practical risk management and regard it as a tool to work with our clients and brokers to reduce uncertainty and minimise the cost of risk,” comments Emmanuel Nivet, chief executive of AXA Corporate Solutions UK. “Technology helps us to identify, measure and take economic control of risks.”