ESG in Short-Term Property Underwriting: Which Letter Truly Matters?
By Gareth Baines, PARTNER RISK Solutions There is a conversation happening in commercial insurance that I think deserves more scrutiny than it is currently getting. ESG has arrived in underwriting, and by most accounts, it has arrived to stay. Reinsurers reference it in treaty discussions. Risk questionnaires now carry ESG scoring sections. Insurers have incorporated […]
Secondary perils: South Africa’s Hidden Insurance Risk
Large Commercial and Corporate property insurance has always contended with catastrophic events such as widespread storms, major fires, significant natural disasters, which are less frequent but result in widespread and very extensive damage and are mainly weather-related. These are also sometimes called Primary perils. In recent years however, insurers and reinsurers have fundamentally shifted focus […]