Global integrated risk assessment firm Moody’s announced the launch of its ESG Insurance Underwriting Solution for P&C Insurers, aimed at enabling insurers to integrate ESG factors into their commercial underwriting and portfolio management activities. The solution is designed to generate ESG indicators and scores allowing insurers to build their own view of ESG risk, and monitor performance and trends, benchmarked against companies’ own ESG targets. The solution also provides other decisioning factors, such as identifying relationships between ESG factors and financial-risk metrics. The solution combines data on public and private companies with a new ESG 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 ESG performance across a series of more than 150 metrics ranging from greenhouse gas disclosure and integration of environmental factors into the supply chain to worker safety conditions and boardroom diversity.

Source: ESG Today