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Salman Siddiqui, Moody’s Analytics & Adhiraj Maitra, Canopius: State of the Market 2023: Incorporating ESG into P&C underwriting (276)

Nov 26, 2023

Salman Siddiqui from Moody's Analytics and Adhiraj Maitra from Canopius talk with Matthew Grant about incorporating ESG into P&C underwriting. They discuss ESG risks and opportunities, finding the right data, the meaning of sustainability, and the future with carbon credits. They also explore collaboration and learning experiences, carbon reporting in the insurance industry, and recommend conducting an ESG survey.

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Introduction

00:00 • 4min

Exploring the Distinction between Sustainability and ESG

04:26 • 2min

ESG Underwriting Portfolio Management

06:16 • 18min

Collaborating and Learning in ESG Incorporation

24:01 • 7min

The Focus on ESG and Carbon Reporting in the Insurance Industry

30:39 • 2min

Discontinuation of Insurance Initiative and a Recommendation for an ESG Survey

33:08 • 2min

What drives insurers to look into adopting Environmental, Social, and Governance (ESG) factors into their underwriting processes?

Salman Siddiqui at Moody’s Analytics and Adiraj Maitra at Canopius join Matthew Grant in this podcast to discuss ESG and sustainability in the insurance industry, centring the conversation around the recent Moody's report on incorporating ESG into P&C underwriting.

Key talking points:

ESG risks and opportunities in the insurance industry
What does sustainability mean in the context of ESG
The challenges of finding the right data
The future is with carbon credits

Explore more insights from Moody’s Analytics and Moody’s RMS’ annual survey of major, global P&C insurers: State of the Market 2023: Incorporating ESG into P&C Underwriting.

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Continuing Professional Development - Learning Objectives

InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

Explain why ESG data is a challenge and methods to remedy this issue
Identify the reasons why insurers are choosing to adopt ESG
Summarise how and why carbon credit usage will increase in the future

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 276 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.