Top ten emerging global risks revealed! ‘Climate change’ remains at the top!
Lifestyle2024-12-03
5 Mins Read
This year, the perception is that the world is continuing to become more vulnerable, as the global polycrisis persists and deepens.
AXA recently presented their Group’s 11th edition of the Future Risks Report. This report provides a global overview of the future risks identified by over 23,000 respondents in over 50 countries, including insights from both the general public and industry experts. It delves into the emerging risks that we may encounter in the years to come. It also underlines how insurers can play a role in preventing and mitigating these risks in an evolving environment. Today, we will reveal the global top 10 emerging risks according to the experts.
Top 10 – Top 1 Global emerging risks
# 10: Financial Stability Risks
# 9: Pandemics and Infectious Diseases
# 8: New Security Threats and Terrorism
# 7: Energy Risks
# 6: Natural Resources and Biodiversity Risk
# 5: Social Tensions and Movements
# 4: Risks related to AI and Big Data
# 3: Cyber Security Risk
# 2: Geopolitical Instability
# 1: Climate Change
'Climate change' remains at the top
In our latest Future Risks Report, climate change remains the top concern for experts on every continent. The survey indicates that 77% of the general public who prioritised this risk in their top five say they feel vulnerable to its impact in their everyday life, up from 73% in last year’s survey, and it now ties with the risk of pollution in 2024 for the first time.
87% of experts believe that the world is more vulnerable than it was five years ago. Our survey also shows that 91% of experts and 72% of the general public believe that we have a crucial role to play in protecting people against emerging risks going forward. Indeed, Insurers are core actors in the global response to these major challenges. Therefore, at AXA, we are leading the way in climate transition with multi-faceted approach. Our efforts range from business-centric solutions like our proprietary climate risk consultancy through AXA Climate, to enhance insurance coverage against extreme weather events. Our commitment extends into community-oriented initiatives, including educational programs and our sponsorship of the Green Power Hike. These actions are integral to our pledge for sustainable operations.
At AXA, we believe that the future is in our hands. We should not be fatalistic about rising vulnerability, but instead see it as an even greater responsibility to fully deploy our expertise to address and mitigate potential risks.
In the future, AXA will remain committed to its mission: to act for human progress by protecting what matters.
Gain valuable insights by exploring the full report: https://www.axa.com/news/2024-future-risks-report
AXA Hong Kong and its related or holding companies make no guarantees or warranties regarding the information and materials provided, including but not limited to their non-infringement, security, accuracy, completeness, adequacy, reasonableness, fitness for purpose, or absence of computer viruses. AXA Hong Kong and its related or holding companies shall not be liable for any losses, damages, costs, or other expenses, whether in whole or in part, direct or indirect, arising from any errors, inaccuracies, or omissions related to the information and materials, except as required by law.
Follow AXA
