AXA publishes latest edition of Future Risks Report
AXA has published the eleventh edition of its Future Risks Report. This year, more than 23,000 respondents from a double panel of experts and the general population in over 50 countries (Europe, America, Asia-Pacific) expressed their perception of risk.
This study is carried out in partnership with IPSOS, and the data collected is analysed by teams dedicated to AXA risk management.
In a statement on the report AXA said: “The 2023 study focused on the polycrisis facing our societies. As this crisis continues to unfold, with tangible impacts on citizen's daily lives, it fuels a heightened sense of vulnerability, which is clearly expressed in this year's survey. Indeed, 87% of experts believe that the world is more vulnerable to risks than it was previously.”
In this context, the role of insurers is perceived as even more important in protecting populations from existing and emerging risks: 91% of experts are convinced of this, as are 72% of the general population.
“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.” said Thomas Buberl, chief executive of AXA.
According to the report the top 10 risks in 2024 are:
1. Climate change, (for the third year in a row)
2. Geopolitical instability
3. Cyber security risks
4. Risks related to AI and big data
5. Social tensions and movements
6. Natural resources and biodiversity risks
7. Energy risks
8. New security threats and terrorism
9. Pandemics and infectious diseases
10. Financial stability risks
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