Strategy
More than two thirds of global insurers are implementing or actively developing sustainability strategies, including with respect to climate change. We help clients develop - and continuously improve - sustainability strategies informed by up-to-date internal and external data and analysis. Our approach merges sustainability tools (e.g. materiality assessments) with the traditional strategy frameworks and metrics that companies already have in place, know and trust. This enables sustainability policies and programs that are rooted in - and evolve with - the core business, and therefore remain relevant.
Business Integration
Less than a third of global insurers have made significant headway integrating sustainability strategies into their core underwriting and investment business. We help clients align resources and key functions (operations and procurement, human resources, risk, finance, legal & compliance, product, underwriting and claims), build capacity (education and training), create LoB/market -specific action plans, design and efficiently manage projects, and monitor performance metrics.
Government & External Affairs
Insurance executives have long recognized the importance of evolving policymaking, regulations and perceptions of the industry's economic and social function. Sustainability agendas have significantly broadened the issues and value at stake for government and external affairs functions. We help clients navigate insurance supervision and investment regulations, non-financial reporting frameworks, relevant market policies (e.g. building codes and incentives) and more. In parallel, we help clients organize stakeholder engagement spanning customers, distribution partners, suppliers, investor groups, industry trades and councils, NGOs and civil society organizations, and beyond.
Marketing & Communications
To unlock value, sustainability should be tightly linked to brand management, product positioning, and marketing that is authentic, digital and audience-centric. We help clients with all aspects from product collateral to research and publications, industry events, media relations, investor relations, voluntary reporting and third-party validation, and more.
Transactions
Sustainability and its related issues can influence a variety of transactions, from real estate to vendor and supplier management, distribution partners, emerging fin/insurtech and software solutions, third party data and modelling, retrocession and alternative risk transfer, underwriting engagement, investment sourcing and asset manager selection, public-private partnerships, and more. We help clients advance their sustainability strategy through such transactions.
