Insurance Banana Skins is a piece of research conducted by the Centre for the Study of Financial Innovation (CSFI), an independent think tank, in association with PwC. It's a survey of insurers and seeks out their views on current risk and future trends. Together with the Centre for the Study of Financial Innovation (CSFI), we interviewed 927 practitioners, regulators and observers of the insurance industry across 53 territories.
This year, Indonesia has received a specific report of what insurers in Indonesia see as the biggest threats and how they are prioritising them. Overall, the Indonesian insurance industry has a higher level of anxiety and feels less prepared than most of the world. Moreover, compared to the global survey results, Indonesian insurers have quite different concerns. The results of this survey are consistent with our Indonesia Insurance CFO Survey which took place at the beginning of 2019. This survey also had talent and technology highlighted as significant risks, but also showed that the market also remains positive overall on the future prospects of the industry. The following are the top three risks for Insurers in Indonesia.