• AXA unveils new forklift truck safety initiative

    May 30th 2018. Posted in Corporate

    AXA Insurance has teamed up with CCTV and telematics firm VUE to launch a new safety initiative aimed at reducing forklift truck accidents.

    AXA Insurance has teamed up with CCTV and telematics firm VUE to launch a new safety initiative aimed at reducing forklift truck accidents.

    As part of the scheme, AXA and VUE are offering companies video and telematics technology that allows them to monitor forklifts and driver behaviour much more closely.

    Two cameras are placed on the forklift, one forward facing camera and one driver facing camera placed at the top of the driver cab. The cameras are hooked up to an online system so incidents can be reviewed immediately.

    Meanwhile, a black box records the speed, braking, location and other relevant data in order to rate the performance of forklift truck drivers. Like the camera footage, driver ratings can be viewed on an online dashboard.

    The roll out of the technology follows a successful trial with a number of AXA customers who are seeing positive changes in driver behaviours and a reduction in forklift truck accidents.

    According to the Health and Safety Executive, 42% of work-related fatalities involve workplace transport . From March 2017 to March 2018, AXA received 281 claims from incidents involving forklift trucks.

    “Our work as an insurer goes much further than selling products and paying claims. Our aim is to make sure our policyholders minimise their risks and, more importantly, stay safe. Forklift truck accidents can result in life changing injuries for employees and have a lasting impact on their families.

    “Our partnership with VUE on forklift truck safety fits our ethos perfectly and we are encouraged that our pilot has already shown the impact proper monitoring can have on behaviour and on the number of accidents”. [Douglas Barnett, Head of Mid-Market and Customer Risk Management, AXA Insurance]

    “We are delighted to be working in partnership with AXA on this project. Having worked closely with the AXA Risk Team for many years it is great to be able to take our learnings from the application of VUEmatics technology to vehicle fleets and implement them in the forklift truck environment. Together I am sure we can reduce the number of unnecessary workplace accidents.”. [Glen Mullins, Group CEO, VUE]

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    The AXA Group is a worldwide leader in insurance and asset management, with 165,000 employees serving 105 million clients in 64 countries. In 2017, IFRS revenues amounted to Euro 98,5 billion and IFRS underlying earnings to Euro 6.0 billion. AXA had Euro 1,439 billion in assets under management as of December 31, 2017. In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA PPP healthcare and AXA Ireland. AXA UK & Ireland employs around 10,000 staff. The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY. The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD. It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.

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