Mechanical & Plumbing
Eddy Solutions added to AXA XL’s construction ecosystem
By Anthony Capkun
January 10, 2021 – Eddy Solutions announced is has been included in AXA XL Insurance’s newly launched construction ecosystem: a digital platform that connects construction technology to AXA XL’s clients to help manage and reduce overall risk.
AXA XL is a global provider of property and casualty insurance. Eddy Solutions is a manufacturer of smart water metering products and related technologies. Its solutions aim to help property owners protect, control and conserve water usage by combining sensing devices with behavioural learning software.
“Water damage continues to plague construction projects, causing not only costly insurance claims, but also significantly delaying projects and impacting bottom lines,” said Travis Allan, Eddy’s president & CEO. “AXA XL’s platform is shining a light on the much-needed technology that empowers contractors and property owners, thereby reducing risk.”
The ecosystem officially launched in November 2020, and includes more than 25 technology partners offering risk management and data aggregation services. The system also offers a tech library where customers can access AXA XL’s list of curated construction technology partners.
“In launching this platform, AXA XL’s Construction group has demonstrated their commitment to their clients by embracing IoT technology, and we’re thrilled to be part of their ecosystem,” added Allan.
“As water damage is a major cause of loss during construction, monitoring technology like Eddy Solutions can help our clients prevent significant property damage by catching potential problems early,” said Rose Hall, AXA XL’s head of Construction Innovation.