Kathmandu. As public trust in governments declines, insurance companies are playing a critical role in addressing global challenges.
The 12th Future Risk Report, prepared by AXA in partnership with Ipsos, revealed this. According to the report, 89 per cent of experts and 72 per cent of the public believe that the insurance sector can play a decisive role in managing emerging risks such as climate change, cybersecurity and geopolitical instability.
In comparison, only 61 per cent expressed similar trust in national officials, the report said. Since 2021, confidence in insurance companies to mitigate new crises has increased by 3 percentage points.
Despite this, the study also highlights a growing sense of social division. About 93 percent of respondents believe that the number of crises is increasing.
AXA CEO Thomas Buberl said insurance companies must act as “architects of resilience” by combining innovation and prevention to strengthen global preparedness.
Both experts (86 per cent) and the general public (84 per cent) agree that many major risks can be partially avoided through stringent prevention measures.
