Our benchmark has been performed on a panel of 20 corporate reports published by insurers and reinsurers in 2016, with the objective to obtain a balanced representation of the market in terms of activities, typologies of the documents and geographical location. The panel of 20 reports is split into the same 3 categories as in 2015 (integrated reports, management reports that include CSR elements and strictly financial reports).
We have based our analysis on a qualitative benchmark. Reporting practices maturity has been analysed through an assessment matrix inspired by the International <IR> Framework, complemented with Mazars’ insights on financial and pre-financial1 reporting practices approved by the <IR> Insurance Network participants during workshops performed in 2014/2015.
This benchmark study was created to assess how the 2015 panel of companies pursued the shift towards integrated reporting, what improvements were made and which could be made in the future. Considering the relatively small size of our panel, the study does not aim to report the actual percentage of each practice but rather to identify trends and key features in reporting by current insurers and reinsurers.