Environmental, social and governance (ESG) risks are becoming an increasingly material consideration for Malaysia's insurance industry, driven by intensifying climate impacts, evolving regulation and rising stakeholder expectations across the Asia-Pacific region, according to Etiqa Malaysia.
China's first national standard in the financial sector will take effect from 1 April 2026, consolidating the previously fragmented approach to ESG.
What has really driven ESG considerations among corporate clients, including insurers, over the past three to four years has been the introduction of mandatory disclosure requirements across the region, according to Deloitte Asia Pacific Sustainability and Climate Leader Will Symons.
The East African insurance sector has demonstrated resilience and steady growth, driven by economic expansion, rising financial literacy and accelerated digital transformation. Regulatory reforms have also strengthened market stability and consumer confidence, according to a report by the global professional services firm Deloitte.
The Actuaries Institute has warned of significant underinvestment by the Canberra government in climate adaptation. It calls for a coordinated national strategy to help mobilise tens of billions of dollars into measures that will protect communities and businesses.
The African Trade and Investment Development Insurance (ATIDI), a pan-African multilateral development insurer, has officially published its Climate Change Policy.
The Insurers Federation of Egypt (IFE) has recommended that insurance companies create green products and contribute to financing environmental projects.
HDI Global has appointed to its ESG risk solutions division Mr Chris Strong as head of ESG risk solutions and Ms Thordis Jensen as head of ESG risk solutions international.
HDI Global has appointed:
The integration of charitable giving, as well as environmental, social and governance (ESG) considerations into wealth management is a rapidly accelerating trend among high-net-worth individuals (HNWIs) in Singapore, says HSBC Life Singapore CEO Harpreet Bindra.