Why insurers are trusted more than governments to manage future global risks

59% say their country is fragmented.

Insurers are emerging as crucial players in addressing global challenges as public trust in governments wanes, according to AXA’s 12th Future Risks Report produced with Ipsos.

The report found that 89% of experts and 72% of the public believe the insurance sector will play a decisive role in managing emerging risks such as climate change, cybersecurity, and geopolitical instability.

In comparison, only 61% expressed the same confidence in national authorities. Trust in insurers to mitigate new crises has risen by three percentage points since 2021.

Despite this, the study highlights a growing sense of social division. 

About 93% of respondents believe the number of crises is increasing, and 59% say their country is fragmented.

AXA Chief Executive Officer Thomas Buberl said insurers must act as “architects of resilience,” combining innovation and prevention to strengthen global preparedness. 

Both experts (86%) and the general public (84%) agreed that many major risks could be partly avoided through stronger prevention measures.