EvoNexus Company, Saya Life Announces Collaboration With AXA XL to Boost Water Risk Management in Multi-Tenant Properties
LOS ANGELES / ACCESSWIRE / DECEMBER 8TH, 2023 / SAYA Life, a pioneering company in intelligent water management platforms for multi-tenant residential and commercial properties, is proud to announce its new partnership with AXA XL, the Property & Casualty (P&C) and specialty risk division of AXA, renowned for its expertise in tackling complex risks.
This collaboration elevates property loss prevention to a new level, as Saya Life’s water risk management platform revolutionizes the way properties guard against water-related risks. Moreover, it introduces an exciting opportunity for residential and commercial multi-tenant property owners, offering potential technology discounts for adopting the platform.
About the Partnership:
Saya Life, a leader in cutting-edge water sub-metering and leak prevention solutions catering to construction, multi-tenant residential, commercial, and industrial applications, has joined forces with AXA XL as a Preferred Partner in the AXA XL Ecosystem. The AXA XL Ecosystem is a suite of business solutions and services to help clients advance risk management and support sustainable business growth. This partnership aims to empower property owners with comprehensive water management solutions, covering billing, sustainability, and risk management to predict, prevent, and protect against ﬁnancial losses arising from catastrophic leaks.
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.”
Saya’s technology boasts exceptional capabilities in water monitoring and leak detection, setting it apart in the market. Its accuracy, repeatability, and dependability have garnered certiﬁcations that enable multi-unit residences to bill individual water users, even when there is only one utility-owned water meter servicing the building. Additionally, the meter’s precision and cloud-based algorithms that monitor water ﬂow are effective in alerting users to small water leaks, such as slab leaks, and pipe ruptures. Furthermore, it can automatically shut off water, effectively preventing water-related building damage.
Saya’s technology is an asset for both construction and post-construction projects. Water damage can result in exorbitant costs, including remediation, repair, and increased insurance premiums. The good news is that these losses are entirely avoidable through the implementation of Saya’s cutting-edge technology. It can be employed during construction for leak management and, once the building is occupied, can be used for sub-metering, leak management, and conservation.
About Saya Life
At Saya Life, we have built a unique vertically integrated solution that both enables multi-unit residences to bill individual water users, while predicting and preventing catastrophic damage from common leaks.
With built-in temperature, pressure, and ultrasonic flow sensing, the meter is able to predict anomalies using machine learning to prevent water issues before they become costly and catastrophic, using the built-in shutoff valve to instantly limit the damage.
Additionally, the platform enables multi-unit residences to bill individual water users where there is only one utility-owned water meter servicing the building. With the ability to disaggregate how much water is being used by each fixture, we are also able to educate tenants on their consumption, helping them to reduce their utility bills.
About AXA XL
AXA XL is the P&C and specialty risk division of AXA, known for solving even the most complex risks. For mid-sized companies to the world’s largest multinationals, they offer traditional and innovative insurance solutions and services in over 200 countries and territories.
Their support starts with a strong and efficient capital platform, data-driven insights, leading technology and a flexible approach. Driven by a culture of superior service, AXA XL’s talented and recognized teams are empowered to create relevant solutions across all their lines of business − property, casualty, professional, financial lines and specialty.
EvoNexus is California’s leading nonprofit technology startup incubator located in San Diego. EvoNexus has successfully incubated over 260 startups with a survival rate of over 85%. Since the incubator’s formation in 2010, EvoNexus companies have secured over $1.6B in venture funding, $10B in pre-exit valuation, and had 51 acquisitions valued at over $2.1B. EvoNexus is supported by corporate partners, including some of the largest multinational corporations in the world. Learn more at evonexus.org.