With environmental, social and governance (ESG) playing an increasingly important role in the re/insurance market, analysts at Aon have argued that setting clear and transparent ESG targets will be critical for companies during their renewals.
Aon cited research that shows ESG based assets could exceed US$53 trillion by 2025, representing more than a third of total assets under management.
What’s more, the ability to access the insurance markets is also increasingly reliant on ESG performance for an industry that’s ever more conscious of its optics and social responsibilities.
