09/09/2022 · 2-minute read
Environmental, social, and governance (ESG) is increasingly impacting insurers’ portfolios and will play a bigger part in future underwriting strategy. As UK companies grow in their understanding of ESG and strategically approach risk mitigation, insight into how insurers perceive ESG risk is essential.
To provide some initial information on this, Marsh undertook a survey of 30 insurers representing a significant cross section of the UK insurance market.
This survey explores the extent to which ESG factors are already being used to assess clients’ risk profiles and the extent to which this trend might accelerate. It also looks at what incentives insurers might consider giving to clients who are able to demonstrate favourable ESG metrics.