Simone Ruiz-Vergote: Our customer surveys show that the topic is on their radar. Industrial customers in exposed regions are increasingly asking for better protection. Rising temperatures lead, for example, to stronger precipitation in Central Europe, which will also affect the homes of many people in the longer term. Those who have not taken sufficient precautions against the threat of property damage could stand to lose much.
Katharina Latif: Climate change also intensifies social inequality. Both topics are part of Allianz's Sustainability Strategy. A country threatened by flooding, such as Bangladesh, has limited financial resources to protect the population. Developing and newly industrialized countries in particular suffer from the fatal combination of weak environmental conditions, high energy requirements and extreme weather. Many people in those countries are not adequately informed about the risks, let alone insured. We want to reduce this “protection gap" in the long term by working together with public organizations.