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2017 Bank Insurance Survey Report

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Where 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 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.

2017 Highlights

The 2017 survey report contains more than 90 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: Directors' and Liability, Umbrella Liability, Automobile, Cyber Security/Privacy, General Liability, Property Insurance, Fiduciary Liability, Employment Practices Liability, Workers Compensation, Mortgage Impairment, and Bankers' Professional Liability.
  • The policies with the largest proportion of survey respondents anticipating premium increases were Cyber Security/Privacy, Workers Compensation, Trust Department Errors and Omissions, and Excess of Bond.
  • The estimated premiums for FIB for the next renewal is expected to increase 12.1 percent for small community banks and 6.6 percent for large banks due to organic growth.

2017 Table of Contents
2017 List of Data Tables
2017 Survey Methodology
2017 List of Policies
2017 Example Data Table

Catalog# 3016205
$ 400 List Price
$ 150 ABA Member Price


Published: Mid-August 2017
​Questions? Please contact Benchmarking and Survey Research or call 1-800-BANKERS.