Specialty (re)insurance coverage group Chaucer has outlined two key priorities because the enterprise celebrates its a hundredth anniversary.
“Chaucer has loved 100 years of progress, and we’re very enthusiastic about what the longer term has in retailer as we transfer into our second century,” mentioned Chaucer chief govt John Fowle, whose camp desires to develop into a market chief in ESG (environmental, social, and governance) and sustainability.
“Chaucer’s dedication to sustainability and measurable ESG progress underscores all the things that we do as a agency, and we hope to additional construct upon our popularity on this space.”
In September, in collaboration with built-in threat evaluation agency Moody’s, Chaucer launched its ESG Balanced Scorecard which spans underwriting, investments, and operations.
In the meantime, one other precedence for Chaucer is to offer protection for underserved markets by the use of innovation. A key focus space, mentioned the worldwide underwriting group, would be the additional improvement of Chaucer’s providing of parametric and microinsurance merchandise.
“We imagine innovation is essential to supporting transition and social improvement, and we’re decided to consistently search options to new or unsolved insurance coverage issues,” mentioned Fowle.
“We’re extraordinarily lucky to have progress alternatives in entrance of us that may be each worthwhile and assist our ESG technique. There’s a lot to be wanting ahead to within the years forward.”