CSR has become ESG: but the difference is a big deal for insurers

09-06-2021

CSR has become ESG: but the difference is a big deal for insurers

Michael Bruch, AGCS, Rachael Dugan, SiriusPoint, Christine Korwin-Szymanowska, PwC & Jessica Botelho-Young, AM Best

The move from CSR to ESG is more than just branding and heralds serious challenges for insurers, as a panel of experts from companies including Allianz, SiriusPoint, AM Best and PwC discussed.

Environmental, social and corporate governance (ESG) issues have come to the fore in the insurance industry in the last few years—and not just due to fears that climate change could add to natural catastrophe losses. A note from DBRS Morningstar analysts identified “growing momentum” in sustainable investment among insurers.

How seriously are insurers taking ESG, and is it any different from the corporate social responsibility (CSR) discussions in the past?
To find out and consider where ESG might go next, a diverse panel joined Intelligent Insurer’s Re/insurance Lounge, the online, on-demand platform for interviews and discussions with leading players and thinkers in the industry. Representatives from carriers and analysts were present:

 


AM Best, Allianz Global Corporate & Specialty, Third Point Re, Sirius Group, PwC, Insurance, Reinsurance, ESG, Report, UK

Intelligent Insurer