Insurance Banana Skins 2017

May 2017

The CSFI’s latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed 836 insurance practitioners and industry observers in 52 countries, to find out where they saw the greatest risks over the next 2-3 years. 

Highlights:

  • Change management is at the head of a cluster of operating risks which have jumped to the top of the rankings. 
  • Cyber risk follows close behind, with anxiety rising about attacks on insurers themselves as well as the costs of underwriting cyber-crime.
  • Interest rates, investment performance and macro-economic risk, shows that concern about economic instability remains high. 

Overall, the climate for insurers is becoming more challenging, according to respondents. The 2017 Banana Skins Index, which measures the level of anxiety in the industry, is at a record high, while the industry’s preparedness to handle these risks has fallen from 2015.   

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Lars Nielsen
Hong Kong Insurance Leader
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