In 2013 AXA was selected to be a member of the UNISDR's Private Sector Advisory Group. This initiative aims to secure global resilience by designing a global and governmental disaster reduction framework (the new Hyogo Framework for action) and to ensure synergies among disaster reduction activities with an important focus on risk prevention.
In this regard, AXA has sought to provide its expertise in the context of the adoption of the new Hyogo framework, and was in particular present at the UN World Conference on Disaster Risk Reduction in Sendai in March 2015 when the framework was adopted. Gaëlle Olivier, CEO of AXA Asia P&C, took the opportunity to highlight the role insurance can play in disaster risk reduction alongside public authorities:
We insurers are often reduced to being the global safety net behind the world's economy: the payers of last resort after the catastrophe has struck. But absorbing losses and damages is only the visible part of what we do. With our combined financial and risk management expertise, we have an important economic and societal role to play in helping our clients, cities, local governments, SMEs and larger corporations to reduce their vulnerability to disaster risk.