Describes compulsory insurance products required by the organization.
Organizations should footnote the required insurance products for each product/service provided. See usage guidance for further information.
This metric is intended to capture which compulsory insurance products the organization requires. Examples of compulsory insurance products to footnote include agricultural insurance, credit life insurance, and life and accident insurance, among others.
Metrics identified as "cross-category" are those that are relevant to any IRIS+ Impact Category or Impact Theme (i.e., these metrics are not specific to any particular industry/category or theme).
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revision to usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
Material change. Metric definition language and reporting format modified to maintain consistency with changes to IRIS structure.
March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to definition language for clarity.
November 2011 - IRIS v2.2 Released
No change.
February 2011 - IRIS v2.1 Released
Material change. Compulsory Insurance Products (PD1928) replaced Loan Insurance - Compulsory Status (PD1928). Metric modified to increase specificity by limiting responses to compulsory insurance products.
September 2010 - IRIS v2.0 Released
New metric. Loan Insurance - Compulsory Status (PD1928) was developed via the IRIS Taxonomy Development Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).