Emerging Markets, Banks, Environmental, Social, and Governance Risks

Lalini: We are anticipating further increases to pricing in the dual contract renewal season, which is a positive factor for profitability. But it does depend on how high losses are still. Hurricane season is about to start, so if hurricane losses are higher than anticipated, that has the potential to weigh against some of the benefits of pricing increases. Vladlan Pusnetsov: Overall, emerging market banks have high exposure to environmental risk rather than developed countries.