Insurers Have A Huge Role In Addressing Water-Related Risks

Access to water. For so many of us, it’s a given, but for so many others, it’s a daily battle.

Recognizing this, AXA XL, the P&C and specialty risk division of AXA, decided to focus on access to water as one of its key environmental, social and governance (ESG) priorities.

The global firm has expressed its commitment to addressing water-related risk, which it has described as ‘a very pervasive and a very global issue.’

‘There’s a huge role that an insurer should be playing in terms of addressing this topic,’ said Suzanne Scatliffe, global director, corporate social responsibility - AXA XL.

‘We know now that water availability is becoming less predictable in a whole number of places, both developing and developed markets, and the negative impacts to limited freshwater are numerous: poor health, interrupted education, gender inequalities, conflict, unreliable food production, the list is really endless. Ensuring that everybody has access to water is critical for all of those reasons."