Average annualized insurance premium charged for a particular insurance product provided by the organization during the reporting period.
Average Insurance Premium (PI1934)
- Reporting Format Reporting Currency (OD5990)
- Metric Type Metric
- Metric Level Product/Service, Organization
- IRIS Metric Citation IRIS, 2021. Average Insurance Premium (PI1934). v5.2.
Footnote
Organizations should footnote all assumptions used.
Usage Guidance
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This metric is intended to capture average annual spending by client individuals on insurance, a proxy of affordability. Organizations are encouraged to compare these data to historical or national averages. For example, in the United States, organizations can refer to the Henry J. Kaiser Foundation for yearly data on average annual health insurance premiums to assess affordability and access to healthcare for individuals and families.
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Organizations should also consider reporting Minimum Insurance Premium (PI3734).
Impact Categories & Themes
SDG Goals & Targets
No Poverty
- SDG Target 1.5
- SDG Target 1.4
Gender Equality
- SDG Target 5.5
Decent Work and Economic Growth
- SDG Target 8.1
- SDG Target 8.2
- SDG Target 8.3
- SDG Target 8.10
Industry, Innovation and Infrastructure
- SDG Target 9.3
Reduced Inequality
- SDG Target 10.1
- SDG Target 10.2
- SDG Target 10.3
Sustainable Cities and Communities
- SDG Target 11.5
Metric History
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June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
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January 2020 - IRIS v5.1 Released
No change.
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May 2019 - IRIS v5.0 Released
No change.
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March 2016 - IRIS v4.0 Released
No change.
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March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to definition language for clarity.
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November 2011 - IRIS v2.2 Released
New metric. Average Insurance Premium (PI1934) was developed via the IRIS Taxonomy Development Group.