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Greater than 90% of insurers implement ESG issues – report

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More than 90% of insurers implement ESG considerations – report

Greater than 90% of insurers have applied environmental, social and governance (ESG) issues of their funding course of, with 80% implementing them inside the final two years, in accordance with a brand new survey of the trade by international funding administration agency Conning.

The report, ESG – The Corporations Converse: Insights from Conning’s ESG Survey of Insurers, supplied information and evaluation from 280 responses to a survey of US insurance coverage executives and higher administration from a big selection of corporations. Respondent corporations represented all sizes, possession buildings and enterprise focuses, Conning stated. The survey explored the affect of forces and stakeholders on corporations, and actions corporations have been taking up the ESG entrance.

The survey discovered that insurance coverage administration groups reported a big spike in ESG engagement.

“This implies that ESG has turn into a key space that insurers are working to include into their companies,” stated Terence Martin, director of insurance coverage analysis at Conning. “Nonetheless, there are key variations between life-annuity and property-casualty corporations, and between public inventory and mutual-fraternal corporations.”

Learn subsequent: AIG releases second ESG report

“This survey signifies that, whereas the US insurance coverage trade is clearly conscious of, and specializing in, ESG, but at this level, corporations are following their very own paths to ESG integration,” stated Scott Hawkins, head of insurance coverage analysis at Conning. “This isn’t stunning given the range of the US insurance coverage trade. The one space of exception the place there’s extra consistency throughout several types of insurers seems to be in funding administration.”

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