General Insurance Article - Regulatory oversight needed for adoption of ESG reporting


DBRS Limited (DBRS Morningstar) have released a commentary entitled “P&C Insurance: Regulatory Oversight Essential for Broad Adoption of ESG Reporting Principles,” which discusses the importance of environmental, social, and governance (ESG) risk factors in assessing the financial strength of a property and casualty insurance company, as well as the need for standardization to facilitate comparability across geographic regions and between companies operating in similar sectors.

 The key highlights include
 (1) Apart from large companies operating in the European Union, reporting on ESG is currently voluntary. Making it mandatory in other jurisdictions will have a positive impact on broadening the adoption of ESG reporting.

 (2) Standardized reporting will facilitate comparability across companies; however, there is no clearly defined format for reporting, so it is not easy to compare across companies or geographic regions.

 (3) DBRS Morningstar includes ESG factors in the criteria for assessing an issuer's financial strength rating.
  

 P&C Insurance: Regulatory Oversight Essential for Broad Adoption of ESG Reporting Principles

Back to Index


Similar News to this Story

Broadstone appoint Cormac Bradley as Snr Actuarial Director
Cormac joins Broadstone with almost three decades of experience in the sector. Appointment strengthens Broadstone’s growing capabilities in the non-li
Global Specialties Market Update
Strong Specialty market fundamentals present a positive market environment for clients and growth opportunities for reinsurers
Holistic approach vital for resilience in risk landscape
Rising natural catastrophe losses underscore the urgency of prevention, mitigation measures, and public-private collaboration. Geopolitical uncertaint

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.