ICEA LION Life Assurance Company has today
launched the ICEA LION Retirement Preparedness Index (IRPI). The index, the first of its kind in Kenya is designed to measure retirement readiness at both individual and national levels.
On an individual level, the index provides a calculator that measures one’s personal preparedness for retirement. Any individual can input their information (savings, income, frequency of saving, among others) and receive a tailored personal index. At a national scale, the index is derived from a study (primary and secondary research) that targets both working and retired populations to measure their
anticipated and current readiness for retirement.
According to Jacqueline Ochieng, Head of Research “What makes this index unique is its robust methodology, which integrates four critical dimensions of preparedness: Replacement Rate, Behavioral Scoring, Financial Su ciency Ratio, and Asset Multiples,” The study will be conducted
annually and each year, ICEA LION Life Assurance Company will update the index to reveal the current state of retirement readiness in Kenya.
This innovation reafirms ICEA LION’s ongoing commitment to shaping the future of pensions through innovative digital first and customer centric solutions. Through the launch of the Retirement Preparedness Index (IRPI), we continue to bridge the gap between traditional pension management and modern digital access, ensuring that Kenyans can plan and monitor their retirement journey at any time,anywhere.By turning complex pension data into meaningful insights powered by AI.
Across Kenya, retirement planning is rapidly evolving as individuals seek flexible, transparent, and digitally accessible pension solutions. Building on the strong heritage of financial innovation, ICEA LION Life Assurance Company has taken the first step in introducing an innovative solution intended to drive
action as the country seeks to improve the livelihoods of its citizens.
