Underwriting environmental, social and governance risks in non-life insurance business : the first ESG guide for the global insurance industry developed by UN Environment's Principles for...

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      <subfield code="a">This document is a result of a multi-year PSI initiative to develop the first global guide to manage ESG risks in insurance underwritingthe core process of evaluating, defining andpricing insurance risks. It has an initial focus on non-life insurance businessalso known asproperty & casualty insurance business. As risk managers, insurers and investors, the insurance industry plays an important role in promoting economic, social and environmental sustainabilityor sustainable development. With the adoption of the UN Sustainable Development Goals, Paris Agreement on Climate Change, and Sendai Framework for Disaster Risk Reduction in 2015, there is growing pressure and urgency across all sectors of society to respond and find solutions to sustainability challenges the world is facing</subfield>
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