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Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks

October 24, 2022

Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and energy-related fears within the industry.

Global warming is considered as the biggest risk to society in the next five to 10 years for the second year in a row, according to a report released Sunday by French insurance giant AXA SA. Geopolitical instability, which ranked fourth last year, has risen to second place.

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