2022 Focus Series Press Release: ESG: The Companies Speak - Insights from Conning’s ESG Survey
Conning Announces its Newest Strategic Report-
ESG—The Companies Speak: Insights from Conning’s ESG Survey of Insurers
Hartford, CT - May 31, 2022 — Over 90% of survey respondents indicated their company has implemented ESG considerations in their investment process, with almost 80% implementing them within the past two years, according to a new study by Conning.
Insurance management teams reported a significant increase in ESG engagement. This suggests that ESG has become a key area that insurers are working to incorporate into their businesses,” said Terence Martin, a Director in Insurance Research at Conning. “However, there are key differences between life-annuity and property-casualty companies, and between public stock and mutual-fraternal companies.”
“This survey indicates that, while the U.S. insurance industry is clearly aware of, and focusing on, ESG, yet at this point, companies are following their own paths to ESG integration. This is not surprising given the diversity of the U.S. insurance industry,” said Scott Hawkins, Head of Insurance Research at Conning. “The one area of exception where there is more consistency across different types of insurers appears to be in investment management.”
The Conning study, “ESG—The Companies Speak: Insights from Conning’s ESG Survey of Insurers” provides data and analysis of 280 responses to a survey of U.S. insurance executives and upper management from a broad cross-section of companies representing all sizes, ownership structures, and business focuses. The survey explores the influence of forces and stakeholders on companies, and actions companies are taking on the environment, social, and governance fronts.
“ESG—The Companies Speak: Insights from Conning’s ESG Survey of Insurers” is available for purchase from Conning by calling (888) 707-1177 or visiting https://www.conning.com/insurance-research.
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Conning (www.conning.com) is a leading investment management firm with a long history of serving the insurance industry. Conning supports institutional investors, including insurers and pension plans, with investment solutions, risk modeling software, and industry research. Founded in 1912, Conning has investment centers in Asia, Europe and North America.
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