The objective of this project is to assist our insurance client to better understand, prevent and reduce environmental and social risks and to better manage related opportunities.
We are systematically screening the various insurance products offered by our client and suggest adjustments in the range of risk factors considered in managing the insurance business, particularly related to risk surveying and underwriting.
We further discuss ways to meaningfully include the various E&S risk types into the pricing of the insurance policies. This includes not only the product range offered but also the industrial sector in which the policyholders are active as well as their capability to generally manage risks properly and adequately.
Our assistance will ultimately guide our client towards alignment with the Principles for Sustainable Insurances (PSI).