There are undoubtedly reputational impacts surrounding more closely considering sustainability and underwriting, however there is also a strong business case for tying underwriting practices to ESG actions
The insurance industry likes to talk about sustainability. Environmental, social and governance (ESG) commitments appear in strategy documents, press releases and glossy reports. But, for all the board level rhetoric, there is one area where ESG often fails to show up – the underwriting floor.
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