The insurance industry is rapidly embracing sustainability, driven by the need to address Environmental, Social, and Governance (ESG) concerns. With the global impact of the COVID-19 pandemic and the escalating effects of climate change, insurance companies are recognizing the importance of integrating sustainable practices into their operations. They are actively incorporating ESG considerations into their risk management, product design, internal operations, long-term strategies, and workforce management. This shift toward sustainability positions these companies as purpose-driven organizations, aligning their core businesses with sustainable practices. By embracing sustainability, insurance firms not only comply with evolving regulatory requirements but also drive innovation, enhance brand reputation, and contribute to a more sustainable and inclusive society.
This report explores the emerging sustainable practices within the insurance industry, highlights the challenges that enterprises face along the ESG maturity continuum, examines the projected growth in IT spending on sustainability services by the insurance industry, and explores the role of technology and sustainability ecosystem enablers in helping insurance enterprises drive the sustainability agenda.
In this report, we:
Insurance Information Technology