Insurance And ESG

The increasingly noticeable negative effects of climate change have led to many regulatory initiatives and requirements in the insurance industry, both European and national. For this reason and due to growing customer preferences for sustainable insurance and financial products, insurance undertakings will have to undergo a sustainability transformation.

Consideration of the three sustainability dimensions – environment, social and governance (ESG) – in risk management and in other areas of the value chain (such as investment, pricing, sales, claims processing, product development or compliance) are among the key factors leading to a sustainable insurance industry.

ESG and risk management