According to AXA's 2014 Emerging Risks Acumen, economic and financial risks, especially macroeconomic disruptions and mismanagement of public debt and budget deficit, will have the highest impact on society in the coming five to 10 years.
AXA estimated that economic and financial risks are the most significant risks (29 percent), followed by social and political risks (24 percent), environmental risks (19 percent), technological risks (14 percent), medical (10 percent) and other risks (four percent). The top 10 risks, according to AXA, are:
#1 Economic and financial macroeconomic disruptions
#2 Economic and financial mismanagement of public debt and budget deficit
#3 Social and political social and political unrest
#4 Social and political mismanagement of population aging and demographic changes
#5 Environmental natural hazards
#6 Social and political evolving terrorism
#7 Economic and financial market risks
#8 Social and political geopolitical imbalances
#9 Environmental pollution
#10 Technological and IT cybercrime and cyber sabotage
“Developing our ability to anticipate tomorrow's risks is key for us. To identify and analyze new risks, we use tools as well as the internal research carried out by our experts, in order to develop appropriate solutions to protect our customers,” said Alban de Mailly Nesle, the chief risk officer of the AXA Group.
“It is our role to anticipate new risks in order to ensure our long term commitments towards our clients. The findings of this Emerging Risk Acumen will help us be prepared, and by sharing this knowledge we want to contribute to raising awareness of those risks broadly,” added Hélène Chauveau, the head of emerging risks of the AXA Group
Learn more: https://us.axa.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].