About the product/service
The underwriting portfolios of general insurers are receiving increasing attention, and recently focus has been expanding from the asset side of insurers’ portfolio to also cover the liability side of the balance sheet. Much of the underwriting attention to date has been on disincentivisation of certain activities with less focus on incentivising positive transitions.
Marsh has created a product to recognise and reward insureds with particularly aspirational sustainability commitments which are aligned with recognised Sustainable Development Goals (SDG).
Supporting greener outcomes
The approach actively rewards SDG-aligned behaviour and as a result provides insureds with additional financial support/incentives to deliver on their commitments.
Enabling customers today
Our client issued a green bond aligned with objectives aligned to SDG 7, ensuring access to affordable, reliable, sustainable energy for all, with a target that was to be externally certified. Marsh negotiated a reduced premium in anticipation of achieving the target. In the event that the target is not met, additional premium will be due to insurers.
