Chris Temple & Christine Brogan: PwC: ESG - from ambition to action (293)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 10 March 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

PwC’s Chris Temple and Christine Brogan join Matthew Grant to discuss transformation in insurance, specifically steering organizations towards achieving their ESG goals. The conversation covers the role of technology and AI in driving change in insurance as well as building resilient business models for the future. This episode is a great introduction to how ESG operates in the financial sector and how transformation in insurance is made possible through collaboration. Key talking points: Understanding ESG - what are the main priorities business need to consider to be successful in the future Transforming insurance - how AI can help The importance of strategy driven by data How the Life Insurance sector got it right Balancing commercial gain with progress Defining “baseline” - current carbon output The biggest driver of innovation is regulation FSTE 100 and sustainability Our upcoming Investor Networking event sponsored by PwC For more information, please see the following PwC reports: PwC UK 2024 Energy Survey Hold your nerve to maintain momentum: our 2024 actions for sustainability leaders Sustainability Reporting in 2024 Banana Skins Survey Report If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe how generative AI can help implement ESG measures in insurance Specify what is meant by ESG and its role in insurance Summarise what companies can do to become Net Zero in the future If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 293 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	The key here is collaboration. We've never experienced a challenge of this scale before in any industry.
0:07.2	And therefore, in order to achieve this, we need to collaborate. And that's because we know how organisations operate in silos.
0:13.3	We know how sectors operate in silos and we know how nations do. This is going to be a huge challenge.
0:18.4	And that's where let's start collaborating, I think, is the key piece really to just reinforce from the discussion.
0:33.0	Well, welcome or, of course, welcome back if you're one of our regular listeners and
0:37.2	if not lightly you could find regular listeners and if not,
0:37.9	lightly you could find us, Matthew Grant here, CEO of Instech.
0:40.6	And I'm talking to you the day after we held another one of our really lively evening events
0:46.5	here in London.
0:47.3	Over 200 people joined us late yesterday afternoon.
0:50.5	And we heard from a whole collection of risk managers about what they want from insurers
0:54.9	and brokers both in coverage risk protection but also technology as well and as much as your love insurance
1:00.6	it's really refreshing to hear from the end client particularly when they've got really large
1:05.6	complicated risks like billion dollar data centers to insure and reputational risk associated with things
1:13.2	like the Olympics. Well, on a similar vein, you've also got a really good discussion coming
1:17.1	out with Christine Brogan and Chris Temple from PWC. They're talking about different industries
1:21.7	as well, in this case, how those industries are managing their commitments to reduce carbon as well as
1:26.4	some of the broader ESG strategies, and particular what is motivating boards and CEOs today's a lot to learn
1:33.3	here for all of us from a whole lot of different perspectives I know you're going to enjoy this one
1:41.4	Christine great to be talking to you everybody knows knows, I'm pretty sure, or aware of
1:46.3	PWC, we're going to talk a bit about what you two are doing specifically, but as you've got
1:50.7	listeners around the world, it's always great to know where you are. Chris, I think you're on
	...

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