There has been a shift in investor expectations in recent years, with shareholders judging companies on a broader spectrum of criteria, rather than solely on financial metrics. Insurers and reinsurers, with their unique societal role as risk managers, risk carriers and investors, have not been immune from the trend to adapt and consider environmental, social and governance (ESG) risks and opportunities in their operations and assess what kind of impact they might have on their credit ratings, according to a new briefing by A.M. Best.