2015 Bank Insurance Survey Report

2015 Bank Insurance Survey_thumbnail.jpgWhere does your bank's coverage stand in terms of insurance carried by your asset-class peers and the industry as a whole? Are you behind, ahead, or in the middle of the pack when it comes to the Financial Institution Bond, Cyber Security, and Directors' and Officers' Liability Coverage? 

The 2015 ABA Bank Insurance Survey Report contains more than 80 tables that will provide you with a comprehensive overview of banks' corporate insurance coverage.  The data is summarized by different asset size groups ranging from banks with less than $250 million to those with more than $50 billion in assets.

Among the survey's findings:

  • ​​​In addition to the Financial Institution Bond (FIB), survey respondents purchased a wide range of insurance policies as part of their risk mitigation strategies. Other policies carried by at least 8 in 10 surveyed banks include: Property Insurance, Worker’s Compensation and Employers’ Liability, Automobile, Umbrella Liability, General Liability, Cyber Security/Privacy, Fiduciary Liability, Employment Practices Liability, Kidnap/Extortion, Directors’ and Officers’ Liability, and Bankers’ Professional Liability.​
  • The policies with the largest proportion of survey respondents anticipating premium increases were Excess of Bond, Cyber Security/Privacy, Property Insurance, and Financial Institution Bond.
  • Survey respondents anticipate FIB premiums to increase from 1.4 percent to 5.3 percent for the next renewal cycle.

​The 2015 ABA Bank Insurance Survey Report is an essential resource for CEOs, CROs, CFOs and any bank executives involved in decision-making about insurance coverage and institution budgeting.

View Table of Contents
View List of Data Tables
View Survey Methodology
View List of Policies  
View Example Data Table

Release Date 
Mid-August 2015​

Catalog #3012691​
Hardcopy, spiral-bound, 100+ pages (c) 2015 
$400 List Price
$150 ABA Member

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​Your comments and questions are very important to us. Please send an email to Benchmarking and Survey Research or call us at 1-800-BANKERS.