I think the key here is collaboration. We’ve never experienced a challenge of this scale before in any industry. And therefore, in order to achieve this, we need to collaborate, and that’s difficult because we know how organizations operate in silos. We know how sectors operate in silos, and we know how nations do.
Introduction
PwC’s Chris Temple and Christine Brogan join Matthew Grant to discuss transformation in insurance, specifically steering organizations towards achieving their ESG goals.
The conversation covers the role of technology and AI in driving change in insurance as well as building resilient business models for the future. This episode is a great introduction to how ESG operates in the financial sector and how transformation in insurance is made possible through collaboration.
Key Talking Points
- Understanding ESG – what are the main priorities business need to consider to be successful in the future
- Transforming insurance – how AI can help
- The importance of strategy driven by data
- How the Life Insurance sector got it right
- Balancing commercial gain with progress
- Defining “baseline” – current carbon output
- The biggest driver of innovation is regulation
- FSTE 100 and sustainability
- Our upcoming Investor Networking event sponsored by PwC
For more information, please see the following PwC reports:
- PwC UK 2024 Energy Survey
- Hold your nerve to maintain momentum: our 2024 actions for sustainability leaders
- Sustainability Reporting in 2024
- Banana Skins Survey Report
If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
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This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Describe how generative AI can help implement ESG measures in insurance
- Specify what is meant by ESG and its role in insurance
- Summarise what companies can do to become Net Zero in the future
Let us know you have listened to this podcast by emailing [email protected] and if your organisation is a member of InsTech you will receive a quarterly summary of the CPD hours you have earned.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.