AXA XL launches tool to help evaluate and manage water risks

AXA XL Risk Consulting has launched a water impact and sustainability evaluation tool, intended to offer a remote, customisable solution to helps risk managers to evaluate and act on water risks.

WISE evaluates risks across three key components – physical, regulatory, and reputational – in addition to considering process efficiency and business continuity, with the aim of providing an adaptable evaluation framework. Jonathan Salter, global head of risk consulting at AXA XL, said: “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.”

Suzanne Scatliffe, director of sustainability at AXA XL, added: “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.”
The WISE tool will initially be available in the UK, Europe and APAC.

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