EXPO Shanghai: Better City, Better Life

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Better City, Better Life

“Better City, Better Life” is the motto of the World Exposition that has been running in Shanghai since May. The challenges to and opportunities for megacities are the central theme of the Shanghai Expo. Besides natural catastrophes, the biggest threats to megacities, or conurbations with ten million or more inhabitants, are technological risks, environmental hazards, and terrorist attacks. Such agglomerations are highly complex major risks that residents, politics, the economy and the insurance sector continuously have to face. The insurance industry is challenged to drive forward risk avoidance and control, and systematically pursue the development of insurance solutions.

Munich Re held a climate conference at the Shanghai Expo in June that was attended by representatives from insurance and politics. One of the themes of the conference was the impact of climate change and natural hazards on megacities.

At the links provided, you will find additional material such as an interview with Munich Re CEO Nikolaus von Bomhard on Reuters TV as well as the Megacities – Megarisks study. The analysis deals with potential risks, losses and how these can be made insurable in conurbations. In addition, Munich Re experts share their highly personal visions of quality of life in the cities of tomorrow.

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