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ESG Assessments for Underwriting

Many insurers are just beginning their ESG journey and are struggling to build business processes that align with company sustainability goals. Demonstrating a commitment for good, fostering responsible sustainability practices, and contributing to a more resilient world requires new approaches to risk management from trusted partners. Moody’s RMS brings over 30 years of experience helping P&C industry onboard and leverage new insights to improve decision-making, and ESG is no exception. 

Proactively Mitigate Reputational and Regulatory Risk

Demonstrate clear, traceable, and credible ESG commitments to investors, consumers, and regulators.

Improve Risk Selection and Pricing

Understand correlations between account ESG scores and insurance metrics to improve profitability.

Differentiate and Unlock Value with New Products and Services

Engage with customers in a more meaningful way while responding to stakeholder pressures.

Risk Paradigm

A New Risk Paradigm

In an increasingly complex, connected, and changing world, a single event can dramatically change the perception of your firm. With growing societal, governmental, and consumer attention, firms are just beginning to understand how ESG impacts everyday business operations – from hindering your ability to raise capital, to attracting talent, or growing your business. Learn about the top drivers of ESG Risk.

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79% of Consumers

consider insurer commitments to environmental issues in purchasing decisions.* 

75% of Insurers

are in the process or have defined their ESG strategy.

50% of Insurers

are evaluating ESG as part of their underwriting and portfolio management strategies.

Partnering with Moody’s RMS on ESG Underwriting

By integrating Moody’s ESG solutions into the Intelligent Risk Platform from Moody's RMS, we are equipping insurance underwriters and portfolio managers with consistent ESG data connected across their workflows to manage ESG risk, customize ESG operations, and accelerate growth.

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Robust

Credible insurance ESG analytics based on double materiality methodology, proprietary ESG datasets, and advanced risk modeling capabilities. 

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Comprehensive

Built with best-available public and private ESG data from over 10 thousand public and 290 million private companies. 

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Flexible

Adjustable views of ESG risk for the underwriting and portfolio management processes. Customize scores based on over 30 ESG parameters across 51 industries.

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Easy to Deploy

Seamless integration with ExposureIQ streamlines the onboarding of new insights without new software.

ESG Thought Leadership

Incorporating ESG into P&C underwriting - Owning the risk appetite

Long considered an emerging risk for insurers, environmental, social, governance and climate (ESG-C) risks are now one of the most talked about topics in the insurance industry. As such, the importance attached by senior management to this topic has increased.

Integrating ESG into portfolio management and underwriting workflows: the state of the market

Moving towards automation and digitization of the underwriting processes, accurate data and sophisticated analytics are becoming increasingly important. ESG factors and scores offer insurers new insights into risk and decision-making, but they also bring new data integration challenges.

How to develop and integrate an ESG strategy

ESG issues have become key priorities for insurers. Most actions have focused on internal operations, regulatory requirements, and the asset side of the balance sheet. The next step is to consider how ESG can be incorporated into decision-making across their entire business, including underwriting.

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Connect with an ESG Specialist

 

* Statistic from EY 2022 Global Insurance Outlook

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