Moody's ESG Insurance Underwriting Solution Overview
Moody's Analytics offers a comprehensive ESG insurance underwriting solution designed to help property and casualty (P&C) insurers navigate the risks and opportunities presented by environmental, social, and governance (ESG) factors. This solution allows insurers to gain a competitive advantage by incorporating ESG considerations into their risk assessment and decision-making processes. By leveraging indicators, scores, and analytics, insurers can assess the impact of ESG factors on their insured entities, identify correlations between ESG metrics and financial risks, and ensure a comprehensive evaluation of their portfolios.
Key Features of Moody's ESG Underwriting Solution
Moody's ESG Insurance Underwriting Solution offers several key features to enhance underwriting decisions. Insurers can analyze over 338 million ESG scores for public and private companies, integrate ESG data into their workflows, and use a double materiality approach to evaluate companies' impacts on the environment and society. The solution supports insurers in setting risk appetites, comparing portfolio performance, and informing risk selection and pricing through correlation with internal data. Additionally, the solution provides portfolio composition and risk analytics through an intuitive dashboard, allowing insurers to identify areas of concern and business opportunities.
Unlocking Opportunities and Managing Risks
By building a tailored view of ESG risk and integrating it into underwriting workflows, insurers can unlock opportunities while mitigating risks. Moody's solution enables a consistent approach to ESG analytics with reference and customized ESG scores, risk criteria, and data points throughout the underwriting process. Insurers can leverage the dashboard to understand trends, manage their portfolios, improve pricing decisions, and report on ESG exposures to stakeholders. The solution also offers an easy-to-use application programming interface for seamless data integration into insurers' technology platforms.
Moody's Net Zero Underwriting Module
In addition to the ESG Insurance Underwriting Solution, Moody's offers the Net Zero Underwriting module to provide detailed insights into greenhouse gas emissions associated with insurers' portfolios. This module assists insurers in meeting the demands of the Partnership for Carbon Accounting Financials (PCAF) Standard by calculating insurance-associated emissions, accessing comprehensive emissions and revenue data, and facilitating decarbonization efforts. Insurers can analyze and report emissions by industry, sector, and geography, supporting the establishment of decarbonization targets aligned with their commitments.
ESG Analytics with ExposureIQ™
Moody's ESG analytics in the ExposureIQ application empower (re)insurers with tools to fulfill ESG commitments effectively. By leveraging ESG analytics, insurers can enhance their risk assessment, decision-making, and reporting processes, aligning with sustainability goals and demonstrating transparency to stakeholders.
Stay Ahead in Today’s Competitive Market!
Unlock your company’s full potential with a Virtual Delivery Center (VDC). Gain specialized expertise, drive
seamless operations, and scale effortlessly for long-term success.
Book A Meeting To Setup A VDC