In 2019, reinsurance was the insurance sector with the highest Preparedness Index score globally, which was 3.20 for that year. This means that the reinsurance respondents were the most prepared to handle risks, such as cyber risk, change management, and technology.
Preparedness index score of insurance practitioners and industry observers worldwide in 2019, by sector
Region
Preparedness index score (the higher the score, the greater preparedness)
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 Preparedness Index measures the average response given to the question:
“How well prepared do you think the insurance industry is to handle the risks
you identified?” where 1=Poorly and 5=Well. The higher the score, the greater
the implied level of preparedness.
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CSFI, & PwC. (June 10, 2019). Preparedness index score of insurance practitioners and industry observers worldwide in 2019, by sector [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/1061386/preparedness-index-score-insurers-global-by-sector/
CSFI, und PwC. "Preparedness index score of insurance practitioners and industry observers worldwide in 2019, by sector." Chart. June 10, 2019. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/1061386/preparedness-index-score-insurers-global-by-sector/
CSFI, PwC. (2019). Preparedness index score of insurance practitioners and industry observers worldwide in 2019, by sector. Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/1061386/preparedness-index-score-insurers-global-by-sector/
CSFI, and PwC. "Preparedness Index Score of Insurance Practitioners and Industry Observers Worldwide in 2019, by Sector." Statista, Statista Inc., 10 Jun 2019, https://www.statista.com/statistics/1061386/preparedness-index-score-insurers-global-by-sector/
CSFI & PwC, Preparedness index score of insurance practitioners and industry observers worldwide in 2019, by sector Statista, https://www.statista.com/statistics/1061386/preparedness-index-score-insurers-global-by-sector/ (last visited November 10, 2024)
Preparedness index score of insurance practitioners and industry observers worldwide in 2019, by sector [Graph], CSFI, & PwC, June 10, 2019. [Online]. Available: https://www.statista.com/statistics/1061386/preparedness-index-score-insurers-global-by-sector/
