Megacities Pushing the Boundaries of Our Industry
Clemens Philippi, Regional Manager, Market Management, AGCS Asia
A recent Allianz publication: The megacity state: The world’s biggest cities shaping our future received widespread recognition. The document gives an insight into how human livelihood will evolve over the next 15 years and touches upon the challenges in risk and insurance, which society will face. In accordance with the United Nations (UN), Allianz defines megacities as urban areas exceeding 10 million inhabitants and describes them as highly interconnected, dynamic and vibrant centers, which will over time contribute higher income and living standards for their citizens.