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ESG considerations gaining ground in underwriting

The report details the considerations of ESG on underwriting as expressed by UK insurers who were surveyed during 2023.

Within the UK and European insurance markets, environmental, social, and governance (ESG) factors have impacted many insurers in their tasks and strategies.

The importance of ESG continues to grow for organizations, particularly insurance companies.

The adaptation of ESG considerations within underwriting has grown from previous years, and for the second consecutive year Marsh has conducted a survey of UK and European insurers to gather the insights displayed in the report, including:

  • The statistical increase in underwriters considering ESG factors
  • Where social and environmental factors have restructured underwriting frameworks
  • How climate & sustainability profiles can impact underwriting outcomes

Learn more on ESG considerations gaining ground in underwriting: 2023 ESG Insurer Survey