Minimum annualized insurance premium offered for the insurance product provided by the organization during the reporting period.
Minimum Insurance Premium (PI3734)
- Reporting Format Reporting Currency (OD5990)
- Metric Type Metric
- Metric Level Product/Service, Organization
- IRIS Metric Citation IRIS, 2021. Minimum Insurance Premium (PI3734). v5.2.
Footnote
Organizations should footnote all assumptions used.
Usage Guidance
-
This metric is intended to capture the smallest premium charged by an organization selling or underwriting insurance, which in some contexts is a measure of affordability.
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
-
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
No change.
-
March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to definition language for clarity.
-
November 2011 - IRIS v2.2 Released
New metric. Minimum Insurance Premium (PI3734) was developed via the IRIS Taxonomy Development Group.