ESG
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Inside P&C’s news team runs you through the key highlights of the week. -
While regulations and shareholder proposals draw concerns, the insurance industry also sees ESG efforts as tool for drawing new blood to the business.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources noted that competition has expanded from excess layers into the primary market – and that has been a major development since the beginning of the year.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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Greenberg said Chubb will not set a net-zero timeframe until the carrier finds out how to monitor the reduction of carbon footprint in its underwriting portfolio.
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As the federal government tightens rules on PFAS and lawsuits swell, calculating the exposure for the insurance industry is a daunting task.
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Shareholders also narrowly voted against a proposal relating to a third-party racial equity audit.
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Clients face under-insurance for BI if their coverage is not adjusted to reflect energy price rises.
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The carrier has also disclosed carbon emission breakdowns across its underwriting portfolios, as well as D&I figures for its workforce, in an ESG report.
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Shareholders approved a second proposal asking for a report detailing how Chubb is addressing greenhouse gas emissions.
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Capgemini’s report said insurers needed to embed climate strategies into operating models and fundamentally change data strategy.
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