Presenter: Bob Anderson – BRM Services

Presentation Summary

ESG Reporting and Implications for Underwriting Agencies

ESG reporting is rapidly evolving from a voluntary disclosure exercise into a core underwriting and risk governance consideration. For underwriting agencies, ESG is no longer just about compliance—it is becoming a determinant of risk quality, pricing, capacity, and insurer confidence.

Key Themes Covered

• Mandatory reporting and how Underwriting Agencies could get pulled into the ESG Reporting equation
• Why ESG matters to underwriters: ESG risks increasingly correlate with claims frequency, severity, reputational damage, and long-tail liabilities.
• Environmental risks: Climate hazards, energy use, Scope 1–3 emissions, and transition risks are reshaping catastrophe modelling and portfolio exposure.
• Social risks: Workplace safety, lithium-ion battery use, contractor management, and duty of care failures are emerging as leading loss indicators.
• Governance risks: Weak governance, poor incident reporting, NDAs misuse, and lack of transparency elevate underwriting uncertainty and moral hazard.
• Data and disclosure: Underwriters are shifting from narrative ESG statements to evidence-based risk registers, controls, and performance metrics.
• Market response: Reinsurers and insurers are embedding ESG screening into capacity decisions, delegated authority frameworks, and portfolio reviews.
• Future outlook: ESG-driven underwriting will increasingly leverage AI, real-time risk alerts, and dynamic pricing models rather than static annual reviews.

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