Moody’s Launches Solution to Integrate ESG Factors into P&C Insurance Underwriting
Global integrated risk assessment firm Moody’s announced today the launch of its ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Insurance Underwriting Solution for P&C Insurers, aimed at enabling insurers to integrate ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. factors into their into commercial underwriting and portfolio management activities.
The solution is designed to generate ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. indicators and scores allowing insurers to build their own view of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risk, and monitor performance and trends, benchmarked against companies’ own ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. targets. The solution also provides other decisioning factors, such as identifying relationships between ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. factors and financial-risk metrics.
Colin Holmes, General Manager of Insurance at Moody’s Analytics, said:
“As insurers are seeking to measure the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. impact of their portfolio, alongside the assessment of traditional insurance risks, this new offering is a great example of how our integrated risk-assessment strategy helps meet our customers’ needs.”
The solution combines data on public and private companies with a new ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. assessment framework developed in collaboration with global specialty (re)insurer, Chaucer Group. Moody’s and Chaucer announced the collaboration earlier this year, to develop a “scorecard” measuring counterparties ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. performance across a series of more than 150 metrics ranging from greenhouse gas disclosure and integration of environmentalEnvironmental criteria consider how a company performs as a steward of nature. factors into the supply chain to worker safety conditions and boardroom diversity.
John Fowle, CEO, Chaucer Group, said:
“The (re)insurance industry has a pivotal role to play in helping corporates make the transition to become more sustainable. This isn’t going to happen overnight but by helping clients identify areas that are in need of improvement, we can help them implement incremental changes that will pay dividends in the long-term.”
The launch follows the acquisition by last year by Moody’s of RMS, a provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.
Mike Steel, General Manager of RMS, said:
“We designed Moody’s ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Insurance Underwriting Solution, with the support of Chaucer Group, to help (re)insurers operationalize the way they measure ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risk at the point of underwriting. We can do so through the combination of data, technology and industry knowledge that we now have at our disposal following the Moody’s acquisition. By bringing these capabilities together, we are helping underwriters and portfolio managers transform ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data into new insights on ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risks and opportunities.”
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