“Despite the many considerations, resources, and challenges involved with implementing ESG-focused investing, insurers seem to understand that, ultimately, the benefits outweigh the costs,” Matt Daly, head of corporate and municipal teams at Conning, said in a release. “Given the responses we saw in this survey, ESG is likely to become an even more central part of insurance asset management in the near future.” (Credit: Deemerwha studio/Shutterstock.com) “Despite the many considerations, resources, and challenges involved with implementing ESG-focused investing, insurers seem to understand that, ultimately, the benefits outweigh the costs,” Matt Daly, head of corporate and municipal teams at Conning, said in a release. “Given the responses we saw in this survey, ESG is likely to become an even more central part of insurance asset management in the near future.” (Credit: Deemerwha studio/Shutterstock.com)

Nearly 70% of U.S. insurance companies have incorporated environmental, social and governance (ESG) factors into their investment consideration during 2021, according to a survey from Conning Holdings Ltd., which found most began accelerating ESG investing during the past two years.

“Over the past two years, I’ve seen Aspen’s approach to diversity and inclusion completely transform,” Sarah Stanford, Aspen Lloyd’s active underwriter of Syndicate 4711, said in a recent ESG report. “We’ve gone from being silent on the subject to now having a comprehensive program of work, including launching Employee Resource Groups so our people have a clear mechanism for influencing our D&I activities. We’ve invested significant time in building robust data to measure our progress, and take a partnership approach so HR experts work in collaboration with the business to embed real change in a sustainable way.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.