The majority of global insurers (83%) plan to incorporate ESG criteria into their investment process, according to a Global Insurance Report published by BlackRock. While 80% of the 327 industry executives surveyed indicated ESG factors are growing in significance, lack of internal expertise was cited as a challenge in integrating ESG factors. Even insurers with experience of ESG investment reported struggled to integrate ESG strategies at the fund level. Elevated focus on ESG factors was due shift in the regulatory and political climate. From October 2019, UK regulations require pension trustees to incorporate ESG factors into their investment process.
The majority of global insurers (80%) plan to incorporate ESG criteria into their investment process, according to a Global Insurance Report published by BlackRock. While 83% of the 327 industry executives surveyed indicated ESG factors are growing in significance, lack of internal expertise was cited as a challenge in integrating ESG factors. Even insurers with experience of ESG investment reported struggled to integrate ESG strategies at the fund level. Elevated focus on ESG factors was due shift in the regulatory and political climate. From October 2019, UK regulations require pension trustees to incorporate ESG factors into their investment process.