The European insurance and reinsurance federation, Insurance Europe, is recommending the abolition of the ‘key performance indicator’ (KPI) for insurance underwriting, in a position paper published on Friday 28 March. At the very least, it hopes to suspend its application in order to have time to examine its usefulness in depth.
This KPI measures the alignment of insurance underwriting activities with the sustainability criteria defined in the taxonomy and assesses the extent to which...