AXA reports renewed confidence in insurers amid heightened vulnerability

Global insurer AXA’s Future Risks Report 2024 reveals a heightened sense of vulnerability regarding the risks facing societies; nonetheless, both experts and the general population express renewed confidence in insurers to tackle existing and emerging risks.

This study, conducted in partnership with IPSOS, involves data collected and analysed by AXA’s dedicated risk management teams.

This year, over 23,000 respondents, including a diverse panel of experts and the general population from more than 50 countries across Europe, America, and Asia-Pacific, shared their perceptions of risk.

The findings show that 87% of experts believe the world is more vulnerable to risks than before.

In this context, the role of insurers is seen as increasingly vital in protecting populations, with 91% of experts and 72% of the general population acknowledging insurers’ importance in addressing both existing and emerging risks.

For the third consecutive year, climate change ranks as the top risk for 2024, followed by geopolitical instability and cybersecurity risks.

Notably, the report emphasises that the risks associated with the spread of false information have never been greater, particularly in a year marked by numerous elections worldwide. This challenge complicates individuals’ ability to understand their own vulnerabilities in the face of this challenge.

Thomas Buberl, Chief Executive Officer of AXA, stated: “For the 11th consecutive year, I’m proud to introduce you to AXA Future Risks Report. Over the years, this report has come to be a reference for all our stakeholders and has demonstrated our commitment to enabling them to anticipate, prevent, and reduce risks.”

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