Enhanced Investments - Financial Portal

Latium Technologies and Aon Revolutionizing Construction Risk Management

Published: 2021-08-31 18:00:00 ET

The Internet of Things (IoT) technology solution provider to enable Aon's construction clients to mitigate risk and reduce costs.

NISKU, AB, Aug. 31, 2021 /PRNewswire/ - Latium Technologies and Aon plc today announced a strategic alliance 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.

The alliance between Latium Technologies and Aon brings industry-leading technology to more contractors and owners, so they can prevent incidents before they happen, realize lower insurance costs and obtain more comprehensive terms for their insurance coverage.

"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," said Mark Bryant, CEO of Latium Technologies. "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."

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. JSI® increases a project's overall bottom line, while enhancing construction quality and jobsite safety.

"Unlocking the power of IoT is a game changer in construction risk management," said David Bowcott, global director of growth innovation & insights for Aon's Construction Services Group. "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."

This innovative technology supports multiple stakeholders throughout the construction process – including the building owner, contractor, site supervisor, project manager and insurer – with quantitative data regarding costs and insurance needs both during construction and into the operational phase of assets.

Aon is committed to helping clients leverage emerging technologies and new ways of working that advance their strategic initiatives. JSI® is part of Aon's technological evolution to deliver new products that meet clients' needs today and tomorrow, in a transparent and efficient way, through innovative partnerships.

About Latium Technologies Specializing in IoT solutions for Construction, Mining, Oil & Gas and Pipeline industries, Latium Technologies inspires better operational and business decisions through a scalable, field-proven suite of applications that reduce cost, enhance logistics, bolster safety, and increase visibility using its advanced analytics platform and suite of applications.

Sporting a leadership team with a combined 100+ years of shared experience to deliver customer driven solutions, Latium Technologies leverages connected technology to conquer challenges, delivering tangible results, while putting innovation to work. Discover more at: https://latiumtech.com

About AonAon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Follow Aon on Twitter and LinkedIn Stay up to date by visiting the Aon Newsroom and hear from Aon's expert advisors in The One Brief.Sign up for News Alerts here

For media inquiries, please contact: Buchanan Hunter, Latium Technologies, (780) 955-1088, media@latiumtech.com or Aon, (833) 751-8114, mediainquiries@aon.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/latium-technologies-and-aon-revolutionizing-construction-risk-management-301366451.html

SOURCE Latium Technologies

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.