Saya Life's water risk management technology aims to prevent significant damage from leaks in multi-tenant properties
Intelligent water management company Saya Life Inc. is partnering with insurer AXA XL to offer advanced water risk management solutions to multi-tenant properties, aiming to prevent losses from water leaks before they become catastrophic problems.
The collaboration between Saya Life and AXA XL marks a shift toward proactive, technology-driven risk management in the property sector, the companies announced. By utilizing AI-powered water monitoring and leak detection systems, the partnership aims to mitigate water-related risks and financial losses among AXA XL clients.
AXA XL added Saya Life as a Preferred Partner in the AXA XL Ecosystem. The AXA XL Ecosystem is a portfolio of solution providers curated by the insurer to help its commercial clients reduce risk through a network of tech providers.
Sanjay Poojary, Saya’s Chief Executive Officer, stated, “Water ingress into a building can cause liabilities and losses for tenants, property owners, insurance companies, and utilities. The Saya Life team is committed to its mission of delivering a cutting-edge, AI-driven sub-metering and risk management platform that can provide actionable insights related to water, thereby preventing losses. Our goal is to deliver substantial value to all stakeholders whose economies are affected by water-related risks.”
The meter accuracy and cloud-based algorithms that monitor water flow are sufficient to warn users of both small water leaks (e.g., slab leaks) and pipe ruptures and automatically shut off water, preventing water-related building damage. The technology provides benefit to property owners, tenants, insurance providers, and utility companies. With Saya Life’s technology, users can efficiently manage water risk and billing, optimize resources, and reduce costs.
AXA XL Ecosystem was originally designed for the insurer’s construction clients, to help them identify tech solutions to improve risk management and safety. In October 2023, the insurer opened the network of solutions up to all of its technology clients.