ESG Factors
28/03/2023

ESG integration is a strategy. All companies should adopt it.
How are insurers responding to these challenges? What are the impacts for policyholders?
The environmental factor is undoubtedly the most visible.
Faced with an increasing risk of loss from natural disasters, risk takers have an interest in promoting sustainable practices and encouraging green projects.
Already subject to increased management regulations, insurers plan to develop specific products for companies and individuals committed to the energy transition.
The social factor covers employee health and safety, respect for human rights, diversity and equity.
Insurers are committed to providing a service that is accessible to all. They intervene by offering advice and training.
They encourage companies to adopt safer and more responsible practices.
The factor of corporate governance is inseparable from sustainable development.
It involves adopting a set of rules to balance power among all stakeholders.
Conduct its activities in an ethical and transparent manner, in compliance with the regulations in force.
Insurers are also concerned about their corporate governance and the activities of their clients.
At present, ESG factors impact several types of risk:
Property Damage Policies
- Damage = increase in claims = increase in insurance premiums
- Pollution + stress = longer life = health of the population affected = impact on the cost of benefits
- Impact of natural disasters = loss of business = insolvency
- Accompanying our clients in the facing risks
- Acting on threats to turn them into opportunities