Guernsey's insurance industry is working on a framework to
develop a green kitemark for its insurance-linked securities (ILS)
platforms to take a bigger stake in environmental, social and
governance (ESG) issues.
Speaking at the We Are Guernsey-hosted ILS Insight webinar,
Adele Gale, Head of ILS at Robus Group in Guernsey, confirmed the
move when discussing what metrics the ILS fund industry were using
to guide ESG compliance for development and growth.
The Guernsey International Insurance Association earlier this
year signed up as a supporting institute of the United Nations'
Principles for Sustainable Insurance Initiative, a global framework
for the insurance industry to explore and address ESG risks and the
opportunities that arise. A poll during the webinar showed that
more than 95% of delegates agreed that ILS has the potential to
have ESG credentials.
