ESG

Markel's Allison Elzer speaks to Insider Engage about emerging risks and how to deal with them.

Join us September 26th at 3.30pm BST, for a webinar hosted by S&P Global Market Intelligence

Insurance industry ambitions to forge a global alliance to ensure it makes an effective contribution to the drive to achieve Net Zero carbon emissions have crumbled in the face of threats from US lawmakers.

The marine insurance industry faces myriad challenges including geopolitical tensions, uncertain macroeconomic conditions, ESG issues and a shortage of talent. Inland marine insurers are being further impacted by increased reinsurance costs and severe weather conditions, and as a result are increasingly turning to technology to improve the underwriting process.

Offshore wind projects wouldn’t get off the ground without insurance in place. But stretched supply lines for developers has brought risk quality into focus for specialist underwriters, according to Markel’s Matt Rowland

Environmental, social and governance issues have undoubtedly become key priorities for (re)insurers. The next step is for (re)insurers to start thinking about how they tackle, and indeed can benefit from, incorporating ESG into decision-making across their entire business, including underwriting.

Companies globally face a multitude of risks, from the current volatile sociopolitical environment to the increased adoption of artificial intelligence (AI) and issues surrounding environment and social and governance (ESG). This has led to increased demand for insurance coverage from multinationals.

John Scott, Head of Sustainability Risks at Zurich Insurance Group, is an experienced chief risk officer whose focus now is on bringing risk management thinking to ESG issues, especially climate change. Here he talks about the evolution of risk data and the role of regulation in shaping the industry’s approach.

Strong ESG performance is no longer an optional credential for insurers: investors, raters and regulators all demand it.

Insurance companies are faced with new challenges as severe weather events continue to impact renewable energy projects and are working to improve their understanding and management of risk in the sector through technical engineering capabilities and increased collaboration with industry stakeholders.

The hard insurance market appears to be softening, with Airmic’s latest pulse survey identifying signs of ‘green shoots’ as the pace of rate increases slows

2022's Airmic ERM (Enterprise Risk Management) Forum held in London, provided risk professionals a networking platform to explore trends that are reshaping the enterprise risk management landscape, such as the impact of geopolitical tensions on supply chains as well as the increasing threat of cyber attacks as our world becomes more interconnected.

Insider Publishing Group, in partnership with Nuveen, kicked off 2023 with a visit to Bermuda, where Meg Green, editor of Insider Engage, Insurance Insider's sister publication, hosted a fireside chat with Mosaic Insurance co-founders Mitch Blaser and Mark Wheeler to give a Class of ’21 perspective on what the future holds for the market.

Lloyd’s Market Association CEO Sheila Cameron is looking forward to an action-packed year: new regulation, digitisation and human resources development are all in the mix

ACORD, in conjunction with Alchemy Crew and its co-founder & CEO Sabine VanderLinden, annually names the Top Insurtech Leaders who have been integral to the growth and progress of the insurance technology community. Their remarkable vision, execution, and superior outcomes set them apart as pioneers of transformation in the global industry.

Meg Green talks to Neil Eckert, live at the London Market Conference 2022, about the multiple roles insurers are playing in the ESG transition

KBRA looks at a new report on the threat to coastal communities from rising sea levels in the coming decades.

The impacts on insurers from Hurricane Ian are likely to be material but manageable, according to a report from global rating agency KBRA.

Business preparation and public-private collaboration are seen as the keys to prevention

Large US public sector pension funds are increasing their investment allocations to private credit, according to a report from global rating agency KBRA.

As insurers move towards automation and further digitisation of their underwriting processes, accurate data and sophisticated analytics are becoming increasingly important.

With investors incorporating ESG (Environmental, Social, and Governance) principles into their investment strategies, and many organizations looking to finance or refinance sustainability focused projects, sustainable bond volumes have grown – more than tripling since 2019.

According to a new report by Mercer Marsh Benefits (MMB), People Risk: Resetting priorities to manage risks for workforce and business resilience, cyber security, program administration, and environmental and social issues are the top people-related risks facing organizations across Latin America.

Pointing to price volatility in the energy industry, global rating agency KBRA predicts a near term decrease in the transition from fossil fuels to more sustainable energy sources in the U.S.

Citing federal and state initiatives and some encouraging industry developments, global rating agency KBRA has reported a mostly positive outlook for the U.S. residential solar industry and, by extension, the residential solar ABS market.

Pointing to regulatory pressures, the availability of low-cost and lower emission natural gas, and the increasing attractiveness of renewable energy sources, global rating agency KBRA published a research report on the significant decline in coal usage by U.S. electric utilities.

The prospect of a long, hard market is driving businesses to make more use of self-insurance instead of handing premium over to carriers.

Climate change presents significant risk for the insurance industry on both sides of the balance sheet, and KBRA offers a new metric to help investors dimension an otherwise amorphous aspect of climate risk to specifically move beyond assuming the level of credit risk is related to total emissions.

Insurers can play a leading role in closing the protection gap by helping people plan to reduce the risk of disasters before they strike, and by providing financial help after, said Denis Duverne, chairman, Insurance Development Forum, and chairman of AXA, in an exclusive interview with Insider Engage.

As Russia’s invasion of Ukraine intensifies, the international conflict is disrupting global energy supply chains since Russia is one of the world’s largest oil exporters.