AXA XL’s North America Construction insurance business has partnered with project management software provider Procore to improve productivity and facilitate project risk management for contractors.
As part of the collaboration, Procore joined the Tech Library of AXA XL’s Construction Ecosystem, which is developed to help clients manage risks on their jobsites and across their organisations.
The Procore construction platform is designed to connect entire project teams, between office and field and across companies.
It enables key stakeholders including owners, general contractors, specialty contractors, architects, and engineers to collaborate across locations and devices.
Additionally, this platform helps users to improve productivity and efficiency while minimising rework and costly delays. It is also said to increase safety and compliance, and enable better financial transparency and accountability.
AXA XL Strategic Operations head Justin Gress said: “In today’s construction market, contractors continue to face tighter profit margins, deadlines and labour markets that can make project management more challenging than ever before.
“Proven technologies like Procore’s can help our clients keep tighter control on their project management to help keep projects on schedule, avoid costly delays and subsequent losses.”
ProcoreBusiness Development & Marketplace vice-president Danny Seigle said: “Procore’s platform provides one place for project teams to work together with an integrated set of construction applications that are mobile-ready for the field.
“It’s exciting to be part of AXA XL’s Construction Ecosystem, which brings together technologies and puts the construction industry a step further by utilising insights from data so construction professionals get a more complete picture of risks across jobsites.”
Last month, Procore partnered with property casualty insurance firm The Travelers to enable contractors to manage the total cost of risk through enhanced operations and job-site safety.