Latium Technologies partners with Aon
Latium Technologies and Aon have partnered to introduce Latium’s Job Site Insights® (JSI®) Internet of Things (IoT) application and suite of products as a foundational risk mitigation tool for contractors and owners.
“Too often, projects are compromised by risks that result in expensive delays and insurance claims. JSI® is the only smart construction solution that combines innovation and IoT in the areas that need it most, like water-damage risk, one of the most expensive risks at the workface of construction. Our work with Aon amplifies the importance of much-needed industry change to enable world-class risk management and insights, and we’re thrilled to bring the power of IoT innovation and protection to Aon’s clients.” – Mark Bryant, CEO of Latium Technologies.
Latium Technologies offers a suite of IoT telemetry solutions that create smarter construction sites through real-time data insight, analytics and alerts. JSI® combines Building information modeling (BIM), IoT and Artificial Intelligence (AI) in an ‘easy-to-use’ platform that substantially enhances overall visibility and management of a construction site. Through continuous monitoring, JSI® alerts teams to conditions as soon as they fall outside their accepted or expected parameters for prompt remediation — and automates critical response actions — so contractors and owners can prevent, mitigate and eliminate incidents that typically result in costly claims, rework, schedule delays and impacts to operational efficiency.
“Unlocking the power of IoT is a game changer in construction risk management. Latium Technologies’ JSI® platform equips clients with the tools to effectively navigate volatility and lower insurance costs particularly during this hard construction market. We’re proud to work with this innovative company to further extend our commitment to our clients. At Aon, we are laser focused on preventing incidents before the claim happens with the goal of reducing costly rework, speeding up construction timelines and enabling more effective risk management.” – David Bowcott, global director of growth innovation & insights for Aon’s Construction Services Group.
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Aon to sell its U.S. retirement business to Aquiline and its Aon Retiree Health Exchange business to Alight
The agreements are intended to address certain questions raised by the U.S. Department of Justice in relation to the combination with respect to the markets in which these businesses are active. Aon and Willis Towers Watson continue to work toward obtaining regulatory approval in all relevant jurisdictions.