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AXA Climate: How Does Ocean Degradation Affect Insurance?

Sustainability Magazine · last updated

“The modern ocean economy constitutes a multi-trillion-dollar investment frontier, covering numerous sectors reliant on a healthy marine environment,” explains Alfredo Giron, Head of the Ocean Action Agenda.

“Renewable energy, coastal infrastructure, ports, maritime transport, sustainable fisheries, aquaculture. The cost of inaction is escalating.”

Presently, AXA Climate operates across the agrifood, industrial, financial and public sectors, integrating parametric insurance products with consulting services and digital climate projection tools.

Through its Climate School and Climate Studio, AXA is aiming to lead insurance sector in sustainable initiatives.

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