Pandemics Overtake Climate Change as Biggest Worry for Insurers
- Climate still ranks as top risk in Europe, third in U.S., Asia
- Pandemic and infectious disease risk ranked eighth in 2019
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Pandemics became the top concern for insurance professionals this year as the Covid-19 crisis roils the industry worldwide.
Infectious diseases and pandemics were ranked as the most significant risks to society over the next five to 10 years in a study published Thursday by French insurer Axa SA. That’s a reversal from last year, when climate change was seen as the biggest concern.