AXA Research Fund A short presentation February 2013

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Through research, protection

Protecting its clients and the community

from risks is at the core of AXA’s purpose

Researching today will help better

protecting tomorrow

The AXA Research Fund will boost scientific

progress and discoveries that contribute to

understand and prevent environmental, life

and societal risks.

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Our Vision

A wager on highly creative research

Support scientific excellence Select only projects of the highest academic quality through robust and transparent procedures

Provide researchers with the means to do their work

- on a long term basis

- in total liberty

Boost true scientific innovation Bet on up and coming research talents as the best source of scientific innovation Foster daring and risky transdisciplinary projects

Remain open and flexible Encourage applications coming from any discipline as long as they are related to the AXA

RF research fields Remain open to out-of-the-box researchers in a position to make unpredictable scientific

discoveries

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Environmental risks

Climate Change

Life risks

Aging and Long-term

Care

Addictions

and Risky Behaviors

Biomedical Risks

Socio-economic

risks

Geopolitical Risks

Macroeconomic Risks

Large Corporate Risks

Natural Hazards

Human driven

Environmental

Changes

Behaviors Towards

Risks

One global objective:

foster the understanding of major risks

in 3 main fields Understanding Causes

and Underlying

Phenomena

Identifying the

Mecanisms at stake

Measuring and Modeling

the Risk

Assessing the Social

and/or Economic Impact

Identifying

Mitigation/Prevention

Solutions

Which fields do we support?

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Progressively completing the knowledge puzzle:

The Example of longevity

TADDEI/KIRKWOOD/PA

TRIDGE/VAUPPEL

Chair “A systems

approach to individual

differences in longevity”

Université Paris

Descartes

CAROL JAGGER

Chairholder AXA Newcastle Chair on

Longevity and Heakthy Active Life

University of Newcastle, UK

ALEJANDRO DEL VALLE

SUAREZ

Ph.D “Essays on Welfare and

Social Protection, The Impact

of Universal Health Insurance

on Welfare: Evidence from

Mexico’s Seguro Popular”

Paris School of Economics

MATTHEW TYE

Ph.D. “Increasing Longevity

in Vietnam: Strategies for Long-

Term Care - the

Intergenerational Contract”

University of Oxford

GUIDO KROEMER

Principal Investigator of

the AXA project “Promises

of autophagy”

Gustave Roussy Institute,

France

Identifying

mitigation/

Prevention

solutions

Assessing the

social and

economic

impact

Measuring and

modeling the risk

Identifying

the

mechanisms

at stake

Understanding

the causes

underlying

phenomena

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Why is it important

to support these fields now?

Environmental risks

Model the influence of human activity

on climate change

Life risks

Prevent new threats on human life

notably due to population ageing

Socio-economic risks

Accessible data: from rarity to plenty

To understand reality and the future of risks, we need to:

• Promote reason against historical consensus:

the past will not explain the future anymore, even with some parameter adjustments

> Scientists role is to challenge and build new models

• Take scientific progress and unsolved questions in the public debate:

build a social consensus to implement scientific progress in the public debate

> For Scientists to make and share progress, we have to be supportive and attentive.

What Science Says About Risks

7 Sponsor Review - May 21, 2010 Risk in 10 Years of Scientific Littérature

ISC for AXA Research Fund, November 2012

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Funding initiatives

Encouraging the dissemination

of research outcomes to a non-

academic public

Attracting Researchers towards risk research

- Strengthening global excellence-

based academia

- Developing Long-Term

comprehensive relationships

with top tier institutions worldwide

Endowed Chairs

- TO BE ANNOUNCED IN

MARCH 2013

Awards

- TO BE ANNOUNCED IN MARCH

2013

- TO BE ANNOUNCED IN MARCH

2013

- Ensuring diversity of research

areas/disciplines

- Linking with the upcoming

generation of researchers who

explore new approaches of risk

and will be the experts in

the public debate on risks

Research Fellowships

(Post-Docs fellowhips)

Joint Research Initiatives

Outlooks

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How do we select junior

researchers?

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Key figures

Created in January 2008

99 M€ committed

3430 applications received since Jan 2008

367 projects funded or to be funded/ 436

projects selected

49 nationalities of researchers, working in

27 countries

A dynamic research community: 1000

active referees working in 37 countries, 2000

people gathered around 20 major events

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Projects funded

49 nationalities of researchers granted in 27 countries

367 projects granted (186 institutions) spread as

follows:

Key figures at a glance as of January 1st, 2013

Budget

€ 99M* committed spread as follows:

Transversal projects

Socio-economic risks

Environmental risks

Life risks

Applications

A dynamic research community

Transversal projects

Socio-economic risks

Environmental risks

Life risks

3.430 applications received since March 2008 > with a global selection rate of 13%

942 institutions registered from 60 countries

+1000 active referees working from 37 countries

AXA Research Fund events:

5 Talent Days

3 Pop Days

11 official opening ceremonies for the AXA chairs or

projects

*operations included

29%

24%

40%

7%

21%

34%

42%

3%

21%

13%

17% 22%

2%

11%

6,9% 0,5%

6%

France

UK + Ireland

Northern Europe

Southern Europe and MiddleEastLatin America

North America

Asia-Pac

Africa

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Grantees to date Amounts allocated per country of host institution

Asia Pacific

2% Post-Doc 14

Ph.D. 2

0.1% Post-Doc 1

0.5% Post-Doc 3

Ph.D. 2

45% Chair 9

Project 15

Post-Doc 64

Ph.D. 68

0.7% Post-Doc 3

Ph.D. 2

6% Chair 2

Project 3

Post-Doc 2

Ph.D. 3

15% Chair 3

Project 9

Post-Doc 37

Ph.D. 32

1% Project 1

Post-Doc 1

Ph.D. 4

6% Chair 1

Project 2

Post-Doc 8

1% Post-Doc 3

Ph.D. 4

0.1% Post-Doc 1

2% Project 2

Post-Doc 3

Ph.D. 6

7% Chair 1

Project 3

Post-Doc 11

Ph.D. 2

4% Chair 2

Project 1

Post-Doc 5

Ph.D. 1

0.5% Post-Doc 5

21 Chairs

39 Projects

174 PostDoc

131 Ph.D

> 367 projects funded

> In 27 countries

GLOBAL FIGURES TO DATE:

4% Chair 1

Project 1

Post-Doc 1

1% Project 2

0.1% Post-Doc 1

2% Chair 1

Post-Doc 3

0.1% Post-Doc 1

North

America

Africa

1% Chair 1

Ph.D 1

0.3% Post-Doc 2

0.5% Projet 1

Post-Doc 2

0.1% Post-Doc 1

Middle East

0.1% Post-Doc 1

0.1% Post-Doc 1

0.1% Post-Doc 1

Latin

America

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Building a Research Community

The AXA Research Fund wants

to give more than money.

That’s why, three times a year,

a « Talent Days » or a « Pop

Day » event is organized,

gathering 20 AXA fellows

working in similar research field

at AXA Headquarters in Paris. Talent Days aim at boosting the young

researchers' career and help them to network

with peers, share knowledge and best practice,

notably during a plenary session by a world class

academic : highly appreciated by attendees as is

a privileged opportunity to learn from a leading

scientist in the field.

During Pop Days, the grantees are helped to

better popularize their research in order to

play a role in the public debate.

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Focus on a Chair:

AXA – Newcastle University

Chair on Longevity and healthy active

Life hold by Carol JAGGER, Professor of

Epidemiology and based in the

multidisciplinary Institute for Ageing and

Health (IAH) in Newcastle.

The objective of this Chair is to advance

knowledge on healthy longevity and the

impacts of increasing life expectancy for

society in the 21st century. It will study

how and why healthy longevity varies

between and within countries and between

individuals.

Three interlinked major research themes will

be explored: Understanding variations in

Healthy Active Life Expectancy; Disability and

functioning in later life; Ageing population

projections for policy.

The findings will be used in a unique

projection model to ascertain future trends

in disability and associated long term-care

needs.

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Focus on a Chair

AXA – University of Bristol The recent, and though small, eruption of

Eyafjallajokull in Iceland dramatically highlighted the vulnerability of modern society to volcanic events. Key aspects of the eruption that have exacerbated its impact include effects that were singularly concentrated on critical transportation infrastructure, and problems in assessing the actual hazard, in part because of fundamental gaps in scientific knowledge about the physical properties of the volcanic plume.

Prof. Kathy Cashman has been studying volcanoes for 30 years and teached in the most prestigious volcanology centers new ways to study them such as what she call the « fudge factor » or how melting chocolate observation can help to foresee how the lava flows !

To fill in these knowledge gaps and meet societal

demands for realtime assessment of volcanic

hazards, AXA Research Fund funded her with

600k€ for a 3 years Chair on Volcanology in the

internationally renowned University of Bristol.

This will allow Pr. Cashman to investigate a novel

approach considering that the physical

characteristics of a volcanic ash cloud could be

calculated as a response function to an evolving

set of internal and extensive parameters such as

magma composition, temperature and pressure or

magma ascent path, regional stress field, and ice-

cap melting.

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Focus on a Project AXA – Exeter: European windstorms in a Changing Climate

The objective of the project is to assess the

potential evolution in European windstorm

events in a changing climate focusing to

aspects directly relevant to insured losses over

Europe.

This project addresses windstorms making landfall

over Europe from a large scale perspective, the

occurrence of extreme wind speeds and

precipitation and the question of a clustering of

extremes. The statistical modelling will allow to

properly quantify the effect of clustering and

multi-peril dependency on estimates of storm-

related risk and how it might change in the

future.

To support his research on European Windstorms,

AXA Research Fund funded Prof David

Stephenson with 275k€ for a 3 years Project at

the University of Exeter (UK) on Storm Tracks,

Clustering and Multi-peril Extremes.

The set-up of a European windstorm research

network is a major focus of the project. The

excellent international reach of the project is driven

by the collaboration with the Hadley Centre of the

UK Met Office, contribution of the Prof Stephenson

both in several international committees and expert

teams and links with the ENSEMBLES project.

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18 Sponsor Review - May 21, 2010