AXA, a worldwide leader in insurance and asset management, and Amazon Web Services Inc. (AWS) announced they are partnering to jointly develop and build AXA Digital Commercial Platform (DCP) and associated software services to enable next-generation risk management.

AXA DCP is a secure risk management platform that combines industry, business and environmental data with geospatial analytics and generative AI technologies to help clients globally monitor their assets and navigate complex and interconnected risks, including natural disasters, supply chain disruption and cyber threats.

AXA said it intends to leverage AWS analytics capabilities over the next two years to make available numerous services for existing clients and for millions of AWS global clients through the AWS Marketplace and the AWS Data Exchange.

“Globally clients are grappling with extreme weather, cyber attacks, and other shocks and disruptions,” said Scott Gunter, CEO of AXA XL, in a statement. “We believe that building resilience is more essential than ever. That is why we are excited to be 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.”

To deliver DCP, AXA will use Amazon Bedrock, a service that offers a choice of high-performing foundation models from leading AI companies, to provide corporate clients with real-time data and analytics including extensive historical datasets to identify and assess factors that could disrupt operations or impact reputation, safety, security or financial performance.

These insights will help AXA’s risk prevention services and underwriting and claims experts to better predict outcomes and mitigate risk when developing insurance products.

Alexander Vollert, group chief operating officer, CEO AXA Group Operations, said that “Amazon brings the depth of experience and broad portfolio of services we need to provide clients with world-class capabilities to help manage their risks. AXA’s work with AWS is integral to our business transformation, which includes the evolution of traditional insurance to risk prevention and mitigation. This will help us seize new market opportunities faster, strengthen security, and become even more responsive to clients’ needs.”