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AXA Future Risks Report 2022: Climate change is becoming the number one concern around the world

Sun, 30 Oct 2022 20:50:32 +0000

Thomas Buberl

AXA has released the ninth edition of its Future Risks Report. This global survey measures and ranks the evolution of perceptions of emerging risks. It is based on responses from a panel of 4,500 risk experts from 58 countries and a representative sample of 20,000 people from 15 countries. This report is produced in partnership with the IPSOS research institute and the geopolitical analysis consultancy Eurasia Group.

For the first time, climate risk tops the list of experts’ concerns in all regions of the world and becomes the main concern of the general public in the United States. Last year, US experts ranked cyber risk first and Asian experts ranked pandemic risk second.

Geopolitical risks come in second place, overtaking cyber and pandemic risks. 95% of the experts surveyed expect geopolitical tensions to persist and spread throughout the world. As an indirect consequence, energy-related risks are now in fourth place, up from 17th place last year.

Economic risks are increasing and fuelling social tensions. For the first time, experts rank three economic risks in their top 10: financial instability, macroeconomic deterioration and monetary and fiscal stress. Inflation is becoming an important concern for both experts and the general public.

In the general population, the feeling of vulnerability remains at a very high level (80% of respondents consider themselves more vulnerable than five years ago), and is even increasing in the face of certain risks such as climate change and the energy crisis. Furthermore, confidence in certain categories of decision-makers to find solutions is worsening, particularly regarding public authorities (58% vs. 62% in 2021), private companies (45% vs. 47% in 2021) and even scientists (66% vs. 75% in 2021). This general trend can be explained by the fact that the public believes that the level of preparation of public authorities for certain risks – such as climate change, cyber or geopolitical tensions – is insufficient.

“The 2022 edition of AXA’s Future Risk Report describes an overheated world, where crises are stacked on each other. It also confirms underlying trends such as the fear of climate change, a heightened sense of vulnerability among populations and the decline in trust in major institutions to find sustainable solutions.”

“These trends point to an additional risk, the feeling of powerlessness, at a time when we need the mobilisation of all actors to provide collective, innovative and coordinated responses. The insurance sector in particular, can contribute its expertise in terms of prevention and protection. At AXA, we are determined to play our part to the full”, said Thomas Buberl, CEO of AXA.

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AXA Financial Advice Network announces national adviser of the year

Wed, 27 Apr 2011 05:17:05 +0000

AXA’s Financial Advice Network has announced the winner of its national annual adviser award, the Gerald Lippman Perpetual Trophy. This year’s winner is Paul Aspros of PSK Financial Services

“This award is presented to the most outstanding adviser who has contributed not only to the AXA network, but to their local and wider community, as well as the profession”, said Andrew Waddell, AXA Financial Advice Network’s General Manager.

“Each year we assess professional and practice development, feedback from colleagues and the contributions made by the individual, and this year Paul Aspros certainly stood out as someone who strives to make a difference in people’s lives.”

“This is the highest honour AXA Financial Advice Network can bestow on one of its advisers,” he said.

Mr Aspros is the practice principle of Sydney based PSK Financial Services, licensed with Charter Financial Planning. Over the years Paul has led the practice through significant growth, and successfully incorporated a number of smaller practices through their business model to become the network’s largest advice business. He was the previous chairman of the Authorised Representatives’ Association (ARA) and is highly respected within AXA’s Financial Advice Network.

“To be recognised by your peers is always a great honour. I consider many of my fellow advisers as great friends and role models”.

Mr Aspros also acknowledged there were some challenges ahead for the wider industry.

“While there is some uncertainty as we look ahead, uncertainty brings with it opportunity, and I am looking forward to seeing advisers take advantage of these opportunities with the support of AMP,” he said.

Away from the office, Aspros is the manager of the Sydney University Football Club under 15’s team and recently took a team of young footballers on an overseas tour of Spain. He has also been instrumental in organising and running highly successful charity events for the Heart and Starlight Foundations.

In 2010 he was actively involved in the development of the Breast Cancer Awareness Workshop and the PSK Prostate Cancer Awareness Workshop that provided educational forums to assist with the prevention or early detection of these diseases.

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AXA commences Risk Learning Programme v.3

Thu, 07 Apr 2011 00:26:17 +0000

AXA Australia has launched the third instalment of its successful Risk Learning Programme to advisers and adviser support staff across the country.

AXA Head of Product and Sales Capacity, Brad Collins said the programme, which commenced in 2009, has become an important part of the education programme for both AXA aligned and nonaligned advisers and their support staff.

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“The Risk Learning Programme aims to equip advisers and their support staff with specialist skills and knowledge. It contains core modules on effective client engagement and behavioural research.

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“The programme is designed to help advisers understand their clients and discuss risk insurance with compassion and sensitivity, which is often required on such a delicate issue “, he said.

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Mr Collins said there were two main workshops aimed at client engagement and dealing with grief.

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“We have developed our workshops after speaking with specialists who have excelled in the risk field and the feedback from the first two years has been overwhelming.

“We have designed a flexible programme where advisers and adviser support staff can choose workshops which are most relevant for them, and all of which are run by AXA’s learning and development experts, which makes it unique in many ways,” he said.

The programme, which commenced in 2009 has seen more than 250 advisers and support staff benefit. A further 75 advisers and support staff have already registered for workshops of the 2011 programme which commenced this week across the country.

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