Salman Siddiqui, Moody’s Analytics & Adhiraj Maitra, Canopius: State of the Market 2023: Incorporating ESG into P&C underwriting (276)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 26 November 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

What drives insurers to look into adopting Environmental, Social, and Governance (ESG) factors into their underwriting processes? Salman Siddiqui at Moody’s Analytics and Adiraj Maitra at Canopius join Matthew Grant in this podcast to discuss ESG and sustainability in the insurance industry, centring the conversation around the recent Moody's report on incorporating ESG into P&C underwriting. Key talking points: ESG risks and opportunities in the insurance industry What does sustainability mean in the context of ESG The challenges of finding the right data The future is with carbon credits Explore more insights from Moody’s Analytics and Moody’s RMS’ annual survey of major, global P&C insurers: State of the Market 2023: Incorporating ESG into P&C Underwriting. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, 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: Explain why ESG data is a challenge and methods to remedy this issue Identify the reasons why insurers are choosing to adopt ESG Summarise how and why carbon credit usage will increase 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 276 page of the InsTech website or email [email protected] 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	Salman Adiraj, great to have you joining us.
0:03.0	Salman, we've already had a session on stage together, so we've warmed up, but now we've
0:08.0	got it easier because we can do audio and we can edit out to all the messy bits.
0:12.3	So welcome.
0:13.5	Adiraj, how about you?
0:14.3	We haven't been on stage together, but what's your experience like of recording podcasts and video?
0:19.9	I used to volunteer for the institutes of Actories and I did
0:24.4	interview different practitioners for about three podcasts. So that's my sort of experience of
0:30.8	podcasting, I'd say. A very short career. Well, I also, I've also believed you've actually been on
0:36.2	television as well. Not proper TV,
0:38.5	but I'd say it's Am Best TV, so a YouTube type channel that Ambest has. Look, we'll take it.
0:44.1	Any actuary that's willing to be out there on any kind of video is I'm sure it's going to be
0:48.3	great company. I'm really looking forward to talking to the two about ESG and sustainability.
0:54.3	Before we kick off a little bit of background to both organisations.
0:56.6	So at Moody's, you're a globally integrated risk assessment firm.
1:00.3	You've got a mission to provide insights and standards to a range of industries,
1:03.9	including, of course, insurance.
1:05.5	Moody's got over 14,000 employees I saw across 40 different countries,
1:10.2	and you acquired catastrophe modeling company
1:12.9	RMS in 2021, which I happen to know quite well.
1:17.1	Salman, you are Senior Director of Insurance and Practice Lead.
1:21.1	And Araraj Metro, you're a group head of sustainability at Canopius.
	...

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