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Tag: ESG


Risk Management, Trends

Viewpoint: 5 Global Insurance Trends You Need to Know About in 2024

February 6, 2024

Via: Insurance Journal

In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber threats, to the evolving role of insurers as societal safety nets, the industry is on the brink […]


News

Marsh and Beazley collaborate to reward ESG performance in global construction industry

December 11, 2023

Via: Reinsurance News

Marsh, a global insurance broker and risk advisor, has partnered with specialist insurer Beazley to incentivise environmental, social, and governance (ESG) excellence in the construction sector. The collaboration offers construction contractors access to additional professional indemnity (PI) cover based on […]


News

Ping An utilises insurance as catalyst for environmental conservation and ESG investment

October 23, 2023

Via: Reinsurance News

Ping An Insurance (Group) Company of China, Ltd. has noted it continues to make strides in the realm of environmental conservation and ESG (Environmental, Social, and Governance) investment by utilising insurance as a catalyst for change. In a groundbreaking move, […]


Regulatory / Legal

Texas Legislature Takes Aim at the Use of ESG-Related Factors by Insurance Companies

August 8, 2023

Via: Insurance Journal

Insurance companies are increasingly incorporating environmental, social and governance (ESG) factors into their underwriting processes when they examine risk. However, despite the increasing adoption of ESG-related factors by insurers, political polarization and divergent political stances on the utility of ESG […]


Regulatory / Legal

Insurers Latest Target of U.S. AGs ESG Antitrust Concerns

May 22, 2023

Via: Insurance Journal

Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their commitment to collaborate with other insurers to advance an “activist climate agenda.” […]


Risk Management, Trends

Insurers and businesses feel growing impact of ESG, says GILC

May 12, 2023

Via: Reinsurance News

Gillian Davidson, Global Insurance Law Connect’s (GILC) Chair, highlighted the increasing importance of Environmental, Social, and Governance (ESG) considerations for insurers and the wider business community. In the fifth edition of GILC’s annual ‘Risk Radar Report’, Davidson noted that ESG […]


Risk Management, Trends

Insurance must rethink its role as ‘traditional premise’ no longer enough – survey

March 17, 2023

Via: Insurance Business

The insurance industry has for decades lived up to its value proposition of providing capital to cover risk and reimburse losses. But a new survey shows this traditional premise of insurance is not enough for consumers anymore. Instead, attitudes and […]


Regulatory / Legal

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

March 6, 2023

Via: Insurance Journal

A Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with […]


Risk Management, Trends

Companies tackling ESG & reputational risk see stock dividends: report

March 9, 2022

Via: Reinsurance News

A new study from Steel City Re claims that companies implementing ESG and reputational risk strategies have seen almost-immediate effects on their stock price. The report says that those implementing these strategies saw their stock prices go 5% above market […]


Risk Management, Trends

Insurance renewals demand ESG transparency: Aon

August 24, 2021

Via: Reinsurance News

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 […]


Financial, Risk Management, Trends

Major re/insurers push to net-zero underwriting will assist ILS on ESG

July 12, 2021

Via: Artemis BM

One of the biggest challenges to providing fully environmental, social and governance (ESG) aligned investment strategies in the insurance-linked securities (ILS) market is the inability to know what really lies beneath every transaction, in terms of what has been underwritten […]


Regulatory / Legal

US re/insurers may face implications with Paris Agreement: AM Best

March 16, 2021

Via: Reinsurance News

AM Best has released a report which explores the possible implications that US re/insurers may face after rejoining the Paris Agreement. Outside the US, in Europe and Asia, re/insurers have increased their integration of ESG factors into their investment and […]