ESG and What It Means for Actuaries
Environmental, social, and governance (ESG) principles are transforming the insurance industry, offering actuaries opportunities to drive sustainability and resilience. Insurers like Swiss Re embed ESG into underwriting and product development, aligning with goals such as net-zero emissions while addressing market needs, such as creating e-bike insurance in Japan. Actuaries play a key role by leveraging innovative data sources, evolving skill sets, and adaptive modeling to assess and address ESG risks. ESG frameworks, such as the U.N.’s Principles for Sustainable Insurance, and rating agency considerations, like those from AM Best, emphasize the importance of ESG in insurers’ financial strength and long-term commitments. Actuaries are uniquely positioned to shape a sustainable future through these efforts. You can find the full article here |
