In 2019, Turkey had the highest Banana Skin Index score globally, which was 3.44 for that year. This means that the Turkish respondents were the most anxious about risks, such as cyber risk, change management, and technology, to the insurance industry.
Banana Skins index score of insurance practitioners and industry observers in selected countries worldwide in 2019
insurance practitioners and industry observers in 53 countries
Supplementary notes
The source asked the respondents how well prepared the insurance industry was to handle the following risks identified:
Technology, cyber risk, change management, regulation, investment performance, climate change, competition, human talent, macroeconomy, interest rates, political risk, cost reduction, reputation, guaranteed products, business practices, quality of management, credit risk, social change, corporate governance, capital availability, and Brexit.
The Banana Skins Index measures the average score given by each country with 10 or more respondents to the 21 risks listed in the questionnaire. The higher the score, the greater the implied “anxiety level”.
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PwC, & CSFI. (June 10, 2019). Banana Skins index score of insurance practitioners and industry observers in selected countries worldwide in 2019 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1061159/banana-skins-index-score-insurers-global/
PwC, und CSFI. "Banana Skins index score of insurance practitioners and industry observers in selected countries worldwide in 2019." Chart. June 10, 2019. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1061159/banana-skins-index-score-insurers-global/
PwC, CSFI. (2019). Banana Skins index score of insurance practitioners and industry observers in selected countries worldwide in 2019. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1061159/banana-skins-index-score-insurers-global/
PwC, and CSFI. "Banana Skins Index Score of Insurance Practitioners and Industry Observers in Selected Countries Worldwide in 2019." Statista, Statista Inc., 10 Jun 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1061159/banana-skins-index-score-insurers-global/
PwC & CSFI, Banana Skins index score of insurance practitioners and industry observers in selected countries worldwide in 2019 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1061159/banana-skins-index-score-insurers-global/ (last visited November 13, 2024)
Banana Skins index score of insurance practitioners and industry observers in selected countries worldwide in 2019 [Graph], PwC, & CSFI, June 10, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1061159/banana-skins-index-score-insurers-global/
