在财务稳健性方面，集团继续保持良好表现，偿付能力充足率（Solvency II ratio）维持在213%的较高水平，充分体现了集团雄厚的资本实力和稳健的风险管理能力。
安盛集团首席财务官Alban de Mailly Nesle表示，“AXA安盛集团2025年开局表现强劲，各业务线均实现稳健增长。这一成绩得益于集团坚定执行的内生增长战略，我们在业务规模与定价策略之间保持了良好平衡。财产险板块客户群体持续扩大，并持续受益于有利的定价环境；商业险业务保持向好定价趋势，同时坚持有序的增长策略；寿险与健康险板块保费收入同比增长8%，与集团发展战略目标高度契合。集团对Unlock the Future 战略规划充满信心，并将持续推进落实。”
The AXA Group maintained robust growth momentum in the first quarter of 2025, achieving remarkable operational results with total revenue of €37 billion, a 7% year-on-year increase. This performance underscores the Group’s resilient development trajectory and strong operational capabilities.
Across its business segments, the Group delivered balanced growth. The Property & Casualty (P&C) Insurance division stood out, generating revenue of €21 billion, up 7% year-on-year. Within this segment, Commercial Insurance contributed €13.2 billion, a 6% increase driven by favorable pricing trends and disciplined growth strategies, while Personal Insurance revenue reached €6.4 billion, rising 7% thanks to continuous optimization of risk pricing mechanisms and enhanced customer service quality.
The Life & Health Insurance segment also performed exceptionally well, with total revenue of €15.5 billion, an 8% year-on-year growth. Life Insurance revenue grew 9% to €9.8 billion, and Health Insurance revenue increased 6% to €5.6 billion. These results reflect the effectiveness of the Group’s strategic focus on protection-oriented products, optimized business structures, and strengthened market competitiveness.
Financially, the Group maintained a robust position, with its Solvency II ratio holding steady at 213%, demonstrating strong capital adequacy and prudent risk management practices.
Alban de Mailly Nesle, Chief Financial Officer of AXA Group, commented: “AXA has delivered a strong start to 2025, with all business lines achieving steady growth. This success stems from our disciplined execution of organic growth strategies, balancing scale and pricing excellence. Our P&C segment continues to expand its customer base amid favorable pricing conditions, while Commercial Insurance maintains disciplined growth. Life & Health Insurance premiums grew 8%, aligning closely with our strategic roadmap. We remain confident in our Unlock the Future strategic plan and are committed to advancing its implementation.”
“Last year, we also became the first insurance company to complete an on-site transaction and the entire process at the Shanghai Reinsurance Center, leading the promotion of cross-border data flow.”
On January 9, Mr.Kevin Chor, CEO of AXA Tianping Property & Casualty Insurance Co., Ltd., got interviewed by CCTV.
He mentioned that “AXA Tianping became the first insurance company to complete an on-site transaction and the entire process, leading the promotion of cross-border data flow.” He remained highly confident that these can all highlight the positive response and deep integration of foreign companies to China’s financial opening. With its huge consumer market, stable business environment, and complete supply chain system, China has great attraction for global investors.
Promoting the Construction of a Financial Power
As one of the earliest foreign insurance groups to participate in the reform and opening up of China’s financial market, AXA has been rooted in China for more than 20 years as an important witness, deep participant, and direct beneficiary of the high-level opening of China’s financial industry. In recent years, China’s economic transformation and upgrading has accelerated, and the financial market continues to open up. With the central financial work conference and the new “Ten Measures for the Insurance Industry” setting the tone for financial opening, steady expansion of institutional opening in the financial sector and improvement of cross-border investment and financing facilitation have been promoted.
As one of the largest and most diversified foreign property and casualty insurance companies in China, AXA Tianping has always closely followed the national strategy and Lingang positioning, giving full play to the group’s global resource advantages, with a focus on the two missions of openness and innovation, actively contributing to the high-level opening of the insurance industry while enhancing the level of Shanghai as an international financial center. AXA Tianping strives to become a new benchmark for the development of reinsurance, and promote the high-quality opening of China’s financial market.
In August 2023, AXA Tianping was the first to respond to the national strategic call and set up a Shanghai reinsurance operation center in Lingang New Area.
In November 2023, AXA Tianping Shanghai Reinsurance Operation Center successfully signed the first international inward reinsurance treaty at the Shanghai International Reinsurance Registration and Trading Center.
In August 2024, AXA Tianping Shanghai Reinsurance Operation Center completed the first cross-border business registration, trading, clearing, and settlement process at the Shanghai International Reinsurance Registration and Trading Center, and won the first transaction award of the Shanghai International Reinsurance Registration and Trading Center at the 2024 Shanghai International Reinsurance Conference.
Promoting Cross-Border Data Flow
At the same time, AXA Tianping also actively participated in the formulation of the general data list for cross-border scenarios in the reinsurance field, supported Lingang New Area in taking the lead to promote the optimization of China’s cross-border data flow system, reducing communication costs of multinational institutions, improving operational efficiency, which has further promoted opening up. In 2024, AXA Tianping’s data export security assessment project was approved for export by the Cyberspace Administration of China, becoming the first property and casualty insurance company to pass the data export security assessment.
Firmly Optimistic about China’s Development Prospects
Opening up is a distinctive feature of Chinese modernization and an important driving force for the reform and development of the financial industry. 2024 marks the 60th anniversary of the establishment of diplomatic relations between China and France, the fifth anniversary of the establishment of Lingang New Area, and the 25th anniversary of AXA’s presence in China, benefited from China’s continuous optimization of high-quality financial opening, remaining firmly optimistic about China’s development prospects and committed to the strategic determination to deepen the local market. Moving forward, AXA Tianping will continue to combine AXA’s global sophistication with local networks and insights, constantly expanding the breadth and depth of insurance services, contribute to high-quality financial development, and promote world economic growth.
At the dawn of 2025, AXA Tianping proudly announced an exciting news: CEO of AXA Tianping Kevin Chor, has been honored “People of the Year” by Bloomberg Businessweek, the worlds’ foremost financial news agency enjoying unparalleled credibility and influence within China’s business elite. The “People of the Year” award, a hallmark of excellence since its inception, is definitely recognized as an accolade celebrating visionary leadership and industry impact. This year’s distinguished honorees include Mr. Wu Yue, President of LVMH Greater China; Mr. Fang Li, acclaimed film director; Ms. Zhang Yufei, Olympic champion, and Mr. Hong Hao, esteemed economist, among other outstanding figures across the domains of business, entertainment, finance, politics, and science and technology.
The year 2024 was marked by significant transformation and groundbreaking achievements. Under the visionary leadership of Mr. Kevin Chor, AXA Tianping actively contributed to the construction of the Shanghai International Reinsurance Center, aligning with the national strategy to further open up the financial industry. By providing solid support for Chinese entrepreneur to “go global,” Mr. Kevin Chor demonstrated the spirit of a forwarding-thinking industry trailblazer.
This prestigious recognition is not only a testament to Mr. Chor’s exceptional leadership, but also a validation of AXA Tianping’s outstanding accomplishment in navigating industry challenges, driving business transformation and achieving sustainable growth.
As we step into the year of 2025, I would like to express my deepest gratitude and highest respect for your exceptional hard work and dedication over the past year.
In 2024, our collective efforts led to extraordinary achievements. We made significant strides in high-quality development and operational excellence, successfully achieving our business goals and creating a remarkable legacy, standing as a shining tribute to the 25 journey of AXA’s entrance in China market.
This year marked a series of milestones for us as we celebrated the 60th anniversary of China-France diplomatic relations and actively embraced the spirit of the Central Financial Work Conference and the new “Ten Measures”. In January, we achieved a breakthrough by signing a memorandum of cooperation with PICC Group, underscoring our commitment to deepening our presence in China. This partnership not only highlights our dedication to support Chinese enterprises in their global ambitions but also showcases our capabilities to deliver cross-border financial solutions and risk management services.
We positioned ourselves as a pioneer in commemorating the fifth anniversary of the establishment of the Lingang New Area. By being the first to complete the entire process of on-site transactions and spearheading the exploration of cross-border data flow, we contributed to the development of the Shanghai International Financial Center and promoting the integration of financial services and technological innovation.
We have also witnessed the historic moment when AXA Partners Meeting was held in Hongkong and Shenzhen, outside Europe for the first time in history ever a powerful demonstration of AXA Group’s strong commitment to support the integrated development of the Greater Bay Area. During this pivotal event, we strengthened communication and cooperation with government stakeholders departments and conducted a successful visit to BYD Group, laying a solid foundation for us to capture immense opportunities brought by the vigorous development of the new energy vehicle industry through comprehensive insurance solutions and risk management strategies.
I wish to see all of us joining forces together for a bold new chapter for the new year of 2025, delivering more value for our customers and the industry at large, Guided by our corporate vision of “From Payer to Partner”, we will drive strategic transformation, optimize our diversified product portfolio, and provide solid and comprehensive protection for all aspects of our customers’ lives through innovative insurance solutions and customer-centric services. Let us remain committed to actively respond to government requirements, upholding group’s ESG standards, and embracing responsible business practices. Together, we will shape a future defined by trust, innovation and impact through ethical governance and sustainable operations.
As we step into the year of 2025, I would like to express my deepest gratitude and highest respect for your exceptional hard work and dedication over the past year.
In 2024, our collective efforts led to extraordinary achievements. We made significant strides in high-quality development and operational excellence, successfully achieving our business goals and creating a remarkable legacy, standing as a shining tribute to the 25 journey of AXA’s entrance in China market.
This year marked a series of milestones for us as we celebrated the 60th anniversary of China-France diplomatic relations and actively embraced the spirit of the Central Financial Work Conference and the new “Ten Measures”. In January, we achieved a breakthrough by signing a memorandum of cooperation with PICC Group, underscoring our commitment to deepening our presence in China. This partnership not only highlights our dedication to support Chinese enterprises in their global ambitions but also showcases our capabilities to deliver cross-border financial solutions and risk management services.
We positioned ourselves as a pioneer in commemorating the fifth anniversary of the establishment of the Lingang New Area. By being the first to complete the entire process of on-site transactions and spearheading the exploration of cross-border data flow, we contributed to the development of the Shanghai International Financial Center and promoting the integration of financial services and technological innovation.
We have also witnessed the historic moment when AXA Partners Meeting was held in Hongkong and Shenzhen, outside Europe for the first time in history ever a powerful demonstration of AXA Group’s strong commitment to support the integrated development of the Greater Bay Area. During this pivotal event, we strengthened communication and cooperation with government stakeholders departments and conducted a successful visit to BYD Group, laying a solid foundation for us to capture immense opportunities brought by the vigorous development of the new energy vehicle industry through comprehensive insurance solutions and risk management strategies.
I wish to see all of us joining forces together for a bold new chapter for the new year of 2025, delivering more value for our customers and the industry at large, Guided by our corporate vision of “From Payer to Partner”, we will drive strategic transformation, optimize our diversified product portfolio, and provide solid and comprehensive protection for all aspects of our customers’ lives through innovative insurance solutions and customer-centric services. Let us remain committed to actively respond to government requirements, upholding group’s ESG standards, and embracing responsible business practices. Together, we will shape a future defined by trust, innovation and impact through ethical governance and sustainable operations.
[Hong Kong, January 9] The new year begins with a powerful momentum for the global insurance industry. Today, AXA Hong Kong and Macau, AXA Tianping Property & Casualty Insurance Co., Ltd. (hereinafter referred to as “AXA Tianping”) and People’s Insurance Company (Property and Casualty Insurance Co., Ltd.) (hereinafter referred to as “PICC P&C”) have taken a transformative step forward to officially signed a tripartite project memorandum of understanding in Hong Kong, establishing a multi-level and multi-field strategic partnership in the field of motor insurance, reinforcing the pivotal role that financial insurance plays in driving real economy growth. By unlocking burgeoning opportunities in the new energy vehicle insurance market in mainland China and Hong Kong, this cooperation promises to redefine industry standards. As the first milestone achievement under the broader cooperation framework between two global insurance powerhouses, this agreement sets a benchmark for cross-border collaboration, heralding a new era of impact and progress sustainable mobility and insurance excellence.
Pioneering a New Era of New Energy Vehicle Insurance in Hong Kong
In the presence of prestigious attendees including PICC Group Vice President and PICC P&C President Ze YU, AXA Greater China, Hong Kong and Macau CEO Sally WAN, AXA Hong Kong and Macau Chief General Insurance Business Director Zhuj LI, and CEO of AXA Tianping Kevin Chor, PICC P&C Vehicle Insurance Department Deputy General Manager Rui YAO, AXA Hong Kong and Macau Chief Underwriting Officer Yude HUANG, and AXA Tianping General Manager Assistant Scott YIN signed the tripartite project memorandum of understanding together. This signifies the opening of a new chapter in the strategic cooperation between the two major insurance groups.
Moving forward, the two giants will capacitate their market strengths, leveraging on extensive distribution resources, cutting-edge technology capabilities, and their respective sophistication sharing. Through diverse cooperation paths such as motor insurance reinsurance, they will refine the Hong Kong motor insurance market, support Chinese new energy vehicle manufacturers in their expansion into Hong Kong , and jointly pioneer a new chapter in the financial industry.
PICC Group Vice President and PICC P&C President Yu Ze, who witnessed the signing ceremony, stated that both parties will deeply implement the essence of the group’s cooperation, unleash market potential and distribution power, and actively participate in the national “going out” strategy. This collaboration not only expands the boundaries of the Hong Kong new energy vehicle insurance market but also lays a solid financial foundation for Chinese new energy vehicle manufacturers in Hong Kong, demonstrating PICC’s mission and responsibility as a large state-owned insurance institution.
CEO of AXA Tianping Kevin Chor said that this cooperation is a powerful testament to AXA’s commitment to China and its continuous investment. It is also a precise insight into the huge potential of the new energy vehicle insurance market. Guided by the spirit of the Central Financial Work Conference and the new “Ten Measures,” we will seamlessly integrate the group’s global high-quality resources, drive cooperation with innovation, firmly grasp the golden opportunities of the Chinese new energy vehicle industry, and continue to create greater value for customers and the industry, striving for progress and prosperity together.
A Benchmark for Financial Opening Up
This year marks the beginning of the third decade of in-depth opening up of the insurance industry, as well as a crucial year for the implementation of the new “Ten Measures.” The successful implementation of the first project of the strategic cooperation between AXA and PICC will undoubtedly be engraved in the history of China’s high-level opening up of the financial industry as a model of Sino-French financial cooperation.
The Central Financial Work Conference and the new “Ten Measures” have outlined a clear vision for financial opening up, emphasizing high-level opening up, safeguarding economic security, and expanding institutional opening up. The strategic partnership between AXA and PICC serves as a vital catalyst comprehensively enhancing the effectiveness of insurance services in supporting the real economy, activating the internal driving force of the industry, and providing a reference and replaceable model for global financial cooperation and insurance innovation.
In November last year, the two parties signed a group-level cooperation memorandum of understanding, jointly exploring international cooperation, product development, and technological innovation to promote the sustainable and healthy development of the global insurance market. With the successful implementation of the first project, subsequent innovative cooperation is eagerly anticipated, with the potential to continue writing a new chapter in the field of finance and insurance.
As a leader among foreign insurers in China, AXA Tianping has consistently adhered to the principle of compliant operation, prioritizing the interests of customers and treating data security as the cornerstone of the its growth. Recently, AXA Tianping was honored with the “Data Compliance” award under the “Corporate Legal Department Award” by “China Business Law Journal” for its exceptional performance in data export compliance at the general committee meeting and academic exchange conference organized by the Shanghai Insurance Association Legal Committee, establishing itself as a benchmark for data compliance within the insurance sector.
In July 2024, AXA Tianping became one of the first property insurance companies to pass the data export security assessment, successfully obtaining approval from the Cyberspace Administration of China for the cross-border flow of personal information for millions of individuals. Mr. Norman Luo , the head of the Legal and Compliance Department and the Personal Information Protection Officer, emphasized the importance of legality, legitimacy, and necessity in data export processes, stating, “We always prioritize the security of customers’ sensitive personal information and ensure customer information security by continuously optimizing the data export compliance system.” The Legal and Compliance Department, staffed by experienced legal and compliance management experts, actively participated in the data export security assessment, conducting a comprehensive evaluation of the company’s data export purposes, scope, methods, and security measures. They drafted the data export security self-assessment report and evaluation declaration, fortifying AXA Tianping’s data security with a robust defense mechanism.
Furthermore, AXA Tianping has made significant contributions to the exploration of personal information management compliance in the insurance industry under the “Regulations for the Implementation of the Consumer Rights and Interests Protection Law.” On December 12, 2024, at the general committee meeting and academic exchange conference organized by the Shanghai Insurance Association Legal Committee, Mr. Norman Luo delivered a presentation titled “Compliance and Practice of Data Cross-border Flow in the Insurance Industry under Article 23 of the Consumer Rights and Interests Protection Law.” He provided an in-depth analysis of relevant legal and regulatory frameworks and shared practical experiences in data export security assessment. He reminded the insurance industry of the need for extra caution when handling customers’ sensitive personal information, offering valuable insights and references for industry compliance management.
AXA Tianping recognizes that the company’s development is intertwined with the flourishing of the insurance industry, and the prosperity of the industry hinges on the collective efforts of all entities involved. Therefore, AXA Tianping openly shares its compliance experience, engaging in candid and fruitful exchanges with other enterprises, regulatory authorities, universities, and other stakeholders. The company contributes its expertise and insights to enhance industry compliance standards, fostering an open and collaborative approach. By doing so, AXA Tianping collaborates with all parties to advance towards a new era of compliant development in the insurance industry.
As we approach the end of the year, AXA Tianping Insurance Co., Ltd. is celebrating a series of notable achievements, earning awards for its exceptional service, commitment to ESG (Environmental, Social, and Governance) , and powerful philanthropy contribution to our community, underscoring AXA Tianping’s leadership and dedication across various domains.
上海证券报“上证·金理财”年度保险服务奖
Shanghai Securities News “Golden Finance” Annual Insurance Service Award
In a prestigious event hosted by Shanghai Securities News, a subsidiary of Xinhua News Agency, AXA Tianping was honored with the “Golden Finance” Annual Insurance Service Award for its “WE CARE AXA Good Service” initiative. The award, bestowed on December 21, 2024, acknowledges AXA Tianping’s unwavering commitment to customer-centric service and its outstanding one-stop service capabilities. The competition, featuring over 120 institutions and 280 brands, teams, and products, showcased AXA Tianping’s strong industry reputation and its ability to deliver exceptional service in a competitive landscape.
今日保“年度最具ESG价值公司”
Today’s Insurance “Most Valuable ESG Company” Award
On December 16, 2024, AXA Tianping was recognized as the “Most Valuable ESG Company” at the 2024 Insurance Annual Investment Value List, jointly presented by the Central University of Finance and Economics and Today’s Insurance. The accolade highlighted AXA Tianping’s “AXA Week for Good Campaign” that addresses the importance of sanitary water for vulnerable communities, showcasing its dedication to ESG and societal responsibilities.
In partnership with the Aiyou Charity Foundation, AXA Tianping donated water purification equipment to 712 underprivileged children at the Naituo Town Central Primary School in Liangshan Yi Autonomous Prefecture, Sichuan Province. This initiative not only addressed the critical need for safe and clean drinking water but also enhanced the children’s health awareness and hygiene habits. AXA Tianping’s efforts, including employee volunteering initiatives and on site visits, demonstrate its commitment to making a positive impact in the communities it serves.
公益节“ESG典范企业奖”与“公益案例”大奖
Public Welfare Festival “ESG Model Enterprise Award” and “Public Welfare Case Award”
AXA Tianping’s dedication to ESG and community impact was further recognized at the 2024 Public Welfare Festival, where the company was awarded the “ESG Model Enterprise Award” and the “Public Welfare Case Award.” These honors, were presented at the festival in Beijing on January 9，2025, celebrate AXA Tianping’s commitment to building a sustainable future through public welfare innovation and ESG leadership.
AXA Tianping’s participation in the “Brands with Societal Responsibilities” exhibition will showcase its impactful initiatives, including the “AXA Week for Good” project. The company’s unwavering dedication to “people-oriented, service-first” principles is evident through its ongoing efforts to support vulnerable groups and promote sustainable development.
Through aforementioned initiatives and environmental protection actions, AXA Tianping demonstrates its commitment to creating a positive and sustainable impact in society.
The 2024 Data & Security Open Day Event Successfully Concludes
2024年12月3日，由总公司大数据应用部与安全部联合主办的第五届Data & Security Open Day活动在公司总部启幕。本次活动以“向AI而行 共筑新质生产力Towards AI New Productive Force”为主题，通过线上线下相结合的方式，为大家呈现了AI技术的发展与应用前景。
2024 Data & Security Open Day系列活动圆满落下帷幕。此次活动全面展现了公司在AI领域的最新成就，深化了对AI技术的理解，激发了探索热情，同时也提升了对AI合规与安全的警觉意识。让我们共同期待2025年的Open Day活动，相信在未来的日子里，我们将携手共进，继续探索AI的无限可能，共同筑梦新质生产力！
On December 3rd, 2024, the fifth Data & Security Open Day, collaboratively organized by the Big Data and Security Department, kicked off at the company’s headquarters. This year’s event, themed as “Towards AI New Productive Force”, aims to present the prospects of the application and development of AI technology through a combination of online and offline methodologies.
The offline event started with an AI presentation by digital avatars of the management team, following our CEO Kevin’s digital speech, made possible through AI sound synthesis technology that can accurately convert text into realistic voice, presented a series of exciting activities allowing participants to experience AI technology immersively, largely enhanced their understanding of AI applications. This technology has a wide range of applications in customer service, marketing and promotion, etc.
4 AI application booths were set up at the event site: Good IT booth, Data Robot booth, Digital Human booth and Security booth. Not only did it convey AI theoretical knowledge, but it also displayed the research results of various departments in the field of AI, while allowing everyone to experience AI technology firsthand. The Good IT booth aims to improve the efficiency of operation and maintenance services through AI Good IT intelligent robots. It does this through the use of intelligent dialogue and automatic processing of work orders, thereby improving user experience and satisfaction; the Data Robot booth introduced a new generation of reports based on AI data robots, allowing users to query, analyze, and automatically generate reports through dialogue, hence improving data services and report experience; the Digital Human booth demonstrated that AI digital humans, create virtual human images through simulations and emulate human behavior, which can provide 24-hour services and greatly improve the service efficiency of insurance companies; the Security booth aims to emphasize that hackers are using AI technology to carry out fraudulent activities, and through AI digital humans simulating AI “face-changing” mini-games, participants experienced the power and potential risks of AI technology. The participating colleagues showed great interest in AI technology, experienced various AI applications, and held heated discussions based on specific work scenarios.
At the AI workshop, an Alibaba New Finance East China Region Solution Expert was invited to give an informative speech entitled “Big Models Help Insurance Business Innovation”. The innovative application of AI big models in insurance business was deeply analyzed, which brought profound inspiration and thinking to the participants, who enthusiastically raised questions for interaction.
The Security team also carried out “Ballon Action” at the headquarters to enhance employees’ awareness of Clean Desk Policy and information security — red balloons are inserted as a warning for those whose desks are not meeting the requirements; as for those whose desks are of the company’s “clean desk standards” stickers are given as rewards.
Another important activity launched by Security team, the “2024 Business Continuity Drill”, was successfully completed on December 11th. Based on the compliance with regulatory and group requirements, this drill integrated desktop simulation and DR testing for the first time, simulating a series of emergency measures after the data center caught fire, and connected a series of IMT/CMT/DR/BCP protocols, aiming to improve our company’s emergency response capabilities and level of teamwork in emergencies.
Online activities are also filled with highlights. In the corporate WeChat check-in session, based on the template of flash cards, an interactive section for answering questions was added, which not only enhanced the competitiveness and fun of the event, but also allowed everyone to gain an in-depth understanding of AI applications, AI security and AI compliance knowledge during the question-answering process. At the same time, the workplace TV screen scrolls through the event participation and ranking in real time. This year, the head office and all institutions participated in the online event, creating a strong competitive atmosphere and achieving good experience and feedback.
The “2024 Data & Security Open Day” had come to a successful conclusion. This event fully demonstrated the company’s latest achievements in the field of AI, deepened the understanding of AI technology, stimulated the enthusiasm for exploration, and increased awareness of AI compliance and security. Looking forward, we infinite possibilities of AI and new quality productivity we be created!
Recently, AXA Group released the “2024 Future Risks Report” (hereinafter referred to as the “Report”), which summarizes the top ten global risks based on the insights of over 3,000 experts and surveys of over 20,000 representative samples from more than 50 countries and regions in Europe, the Americas, and the Asia-Pacific. The report provides an authoritative reference for predicting and responding to future risks.
Thomas Buberl, CEO of AXA Group, stated that the 2024 edition of the Report offers valuable insights and highlights the diverse and severe challenges currently overshadowing the world. For the third consecutive year, climate change, geopolitical instability, and cyber security risks top the list of concerns among experts. Faced with increasing vulnerability, Thomas Buberl emphasized that individuals and organizations should seize opportunities to develop new solutions to mitigate future risks. AXA will continue to work tirelessly to fulfill its commitment and mission of “protecting life’s essentials and advancing human progress.”
Combining expert opinions and survey data, the Report reveals the top ten global risks for 2024: climate change, geopolitical instability, cyber security risks, risks related to artificial intelligence and big data, social tensions and movements, risks to natural resources and biodiversity, energy risks, new security threats and terrorism, epidemics and infectious diseases, and financial stability risks.
The Report emphasizes that the impact of multiple global crises on everyday life is becoming increasingly pronounced. 87% of experts believe that the world is more vulnerable as opposed to five years ago. At the same time, the Report points out that insurance companies, including AXA, are core participants in global efforts to address major challenges. 91% of experts and 72% of respondents believe that insurance companies should continue to play a key role in mitigating risks.
This is the 11th time that AXA Group has released this forward-looking report with a global perspective. It aims to leverage its professional risk management expertise and global network resources. By collaborating with authoritative research firm Ipsos, AXA provides insights and analysis for individuals, businesses, risk management professionals, and policymakers. The goal is to achieve effective prediction, prevention, and mitigation of risks, leading the way towards global sustainable positive development.
