The African insurance sector is demonstrably on a path towards greater sustainability, with significant progress being made by key players across the continent, according to the "Current State Report 2025".
Almost all (94%) of UAE businesses believe the climate transition offers a commercial opportunity for their company, saying it's a growing focus (58%) or a key strategic area (36%), according to the report, "HSBC Sustainability Pulse Survey 2025", released by the global financial services group.
Most Asian businesses are planning to accelerate their climate transition over the next three years, according to the report, "HSBC Sustainability Pulse Survey 2025", released by the global financial services group.
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.