Most environmental risks appear in the upper part of the overall ranking, with natural hazards and pollution directly appearing in the top 10. Manifestations of these emerging risks have been visible in recent years. As their impact on human lives, on health and on economies is increasingly being discussed in specialized or non-specialized literature, the scale of their impact on the society at large is becoming more obvious.
Interview with David Cadoux, AXAGroup P&C Chief Risk Officer
"Our society as a whole could become more vulnerable for two main reasons. First, there is an urbanization phenomenon leading to an accumulation of population and wealth in megacities that tends to amplify pollution problems and consequently global warming. Second, this concentration is mainly observed in coastal areas that could be the first regions affected by climate change impacts, notably rising sea levels. [...] As a leader in the insurance industry, AXA has to leverage its expertise and to support initiatives to find solutions to the climate challenge."