New interactive tool on A2ii website: Supervisory KPIs Lexicon
The newly-launched Supervisory KPIs Lexicon is an interactive, searchable directory of KPIs for insurance supervisors covering four areas, or ‘pillars’ of supervisory priorities: prudential soundness, market conduct, insurance market development and the link between insurance and the Sustainable Development Goals. KPIs under each pillar are drawn from established global best practices, supervisory experience, as well as ongoing research.
We invite insurance supervisors to use this as a reference on KPIs for measuring insurance sector performance and the state of the insurance market in line with their respective supervisory mandates. As this is an ongoing project, we also encourage supervisors and experts to submit your technical input, experience applying the KPIs or any questions via the form on the page.
About the KPI Reporting Project
The KPI Lexicon is one part of a project by the A2ii, Cenfri together with a Steering Group comprising insurance supervisors from Ghana, Kenya, Malawi, Mauritius, Uganda and West and Central Africa (CIMA), chaired by South Africa. The project was initiated to support SSA insurance supervisors with obtaining the necessary information to conduct effective supervision and evaluate the insurance market, in line with ICP 9 while recognising that supervisory mandates are evolving. The project comprises three main outputs. The Background Paper on the project can be found here. The implementation guidance, which will provide practical notes on using and analysing the KPIs drawing on SSA experience, is under development and due to be completed at end-2021.