AXA XL launches solution to evaluate and manage water risks
AXA XL Risk Consulting has launched the Water Impact and Sustainability Evaluation (WISE) tool, a remote, customizable solution for risk managers to understand and address water risks.
WISE assesses risks in three areas – physical, regulatory, and reputational – and also considers process efficiency and business continuity.
“Water-related issues including water scarcity, poor water quality and flooding can have a significant impact on a company’s risk profile. WISE helps clients to better understand their evolving exposure and how to address these challenges. WISE uses information from various sources and risk factors and the results are structured in an interactive dashboard, allowing clients to compare risks, see site-specific data, and download reports easily. By combining our consultants’ experience with digital services, we’re able to gain deeper insight into our clients’ risks and continue to increase understanding of these topics.” – Jonathan Salter, Global Head of Risk Consulting at AXA XL .
“Creating a water-secure world requires water resources to be protected and properly managed. All stakeholders relying on water should understand how changes in global climate will impact their financial security, which is why it’s important that we continue to raise awareness of these topics.” – Suzanne Scatliffe, Director of Sustainability at AXA XL.
The WISE tool will be available in the UK, Europe and APAC initially.