Insurers are rising to the world’s social sustainability challenges, says The Geneva Association

Amid growing stakeholder expectations for businesses to have more social impact, a new Geneva Association report, The Role of Insurance in Promoting Social Sustainability, highlights insurance’s abundant, inherent social benefit in providing financial stability and peace of mind to people and businesses.

The Role of Insurance in Promoting Social Sustainability

Environmental, social and governance (ESG) considerations have become integral to insurance business models and strategies. Though focus has mainly been on the ‘E’ and ‘G’ dimensions until now, crises such as the Ukraine war and the pandemic have contributed to shifting attention to social sustainability. This report explores how insurers can extend their inherent social utility to better address the ‘S’ dimension of ESG.

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