AXA CEO Sees Virus Scares as ‘New Norm’ for Insurance Industry

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Jan.24 — Thomas Buberl, chief executive officer at AXA, discusses the emergence of more viruses as a “new norm” for the insurance industry, climate change, and the potential cost of Australia’s bushfires. He speaks with Bloomberg’s Haslinda Amin at the World Economic Forum’s annual meeting in Davos, Switzerland on “Bloomberg Markets: European Open.”

In This Story: Climate Change

Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.

Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.

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    • In This Story: Switzerland

    Switzerland is a mountainous Central European country, home to numerous lakes, villages and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge. The country is also known for its ski resorts and hiking trails. Banking and finance are key industries, and Swiss watches and chocolate are world renowned.

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