The survey, in its 10th iteration, gathered input from 698 insurance executives across 42 territories internationally and 37 territories in Australia. The data encompasses perspectives from leaders at major general, life, and composite insurance organisations. Results indicated that Australian insurers scored 6.6% lower on the Preparedness Index compared to global industry counterparts. The Banana Skins Index, which measures industry perception of risks, decreased by 6% over two years, potentially indicating adaptation patterns or risk fatigue across the Australian market.
