March 9th, 2022: Casualty Underwriting: The Original ESG
In their latest article with Carrier Management, David Loughran and Robert Reville examine a topic that is top of mind for investors, underwriters, corporate executives, and board of directors in many industries: ESG. Environmental, Social and Governance (ESG) performance has become a focus for many industries, including P&C insurance, because the issues that drive ESG are the issues that ultimately drive liability in society.
Dr. Loughran and Dr. Reville describe how casualty underwriting is essential to developing ESG scores that accurately measure a company’s future financial performance, claims activity, and track a company’s pledge to change to a more sustainable operation model. “ESG can shape meaningful change, but it must have a foundation in emerging risk, deep knowledge of how companies act rather than what they promise, and an unwavering focus on accountability and liability.”
Read the full article here.
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