Integrated Reporting: Towards a Global Adoption?

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 eports, management reports that include CSR elements and strictly financial reports).

We have based our analysis on a qualitative benchmark. Reporting practices maturity has been analyzed through an assessment matrix inspired by the International <IR> Framework, complemented with Forvis Mazars’ insights on financial and pre-financial1 reporting practices approved by the <IR> Insurance Network participants during workshops performed in 2014/2015.

All reports have been first qualitatively characterized following 60 criteria of the assessment matrix. Considering the observed characteristics of these 60 criteria, we have then applied a maturity level from 1 to 5 to allow quantitative analysis. For the purpose of the analysis we have then consolidated the 60 criteria into 15 categories using the average maturity level of each related criteria.