The insurance penetration rate is traditionally calculated based on total premiums as a percentage of Gross Domestic Product (GDP). This has served as a useful high-level measure of insurance development, while providing a good basis for international comparison. However, supervisors pursuing more specific policy goals, such as financial inclusion or client value, may find that this measure on its own does not provide enough meaningful information to guide policy strategies.
The next IAIS-A2ii Consultation Call will take place on Thursday 23 March 2017 and will focus on "Measuring insurance development: beyond the insurance penetration rate".
The call will be held again in three different languages - English, French and Spanish at the following times:
10 am (UTC/GMT+01:00) English
12pm (UTC/GMT+01:00) French
3pm (UTC/GMT+01:00) English
5pm (UTC/GMT+01:00) Spanish
Please mark the date in your diaries now. Please note these calls are restricted to supervisors only.