Enhancing Sustainability in the Asian Insurance Ecosystem

OVERVIEW

• This is an instructor-led course on Environment, Social & Governance (ESG) and sustainability risk management in insurance. The first day covers ESG relevance, its application in the insurance industry, ESG principles, and risk mitigation.
• The second day focuses on sustainable risk management, including the UN Principles for Sustainable Insurance, proposed Green & Sustainable Insurance Principles, and integrating sustainability into risk assessment, policy wording, and underwriting.
• The course features case studies, examines carbon markets (both voluntary and compliance), and discusses strategies pertaining to Asia including Singapore and Malaysia for GHG emission reduction and Net Zero, alongside key financial and non-financial sector policies.
• Participants will engage in a hands-on tree-planting exercise to experience real-world corporate social responsibility and environmental conservation. This activity highlights the course's experiential learning approach, teaching participants about the insurance sector's role in promoting sustainability and leveraging green initiatives for carbon offsetting, biodiversity enhancement, and community engagement. This immersive experience demonstrates the importance of integrating ESG principles into business practices, preparing participants to contribute to a sustainable future

WHO SHOULD JOIN?

• Underwriters, risk managers, reinsurers, intermediaries, claims adjusters, and actuaries.
• Senior leaders responsible for incorporating sustainability into business strategies.
• Sustainability and CSR Officers not to mention Regulatory and Compliance Staff dedicated to corporate social responsibility and sustainability.
• Financial Analysts and Investors evaluating ESG risks and opportunities in insurance.
• Regulators and officials involved in policy affecting insurance.
• Academics and Researchers studying the impact of ESG on insurance practices.

LEARNING OBJECTIVES

At the end of the programme, participants should be able to:

• Understand and explain the relevance of ESG to daily life and its impact on financial institutions.
• Identify applications of ESG in insurance, using case studies for illustration.
• Comprehend the four pillars of the UN Principles for Sustainable Insurance and their industry-wide applications.
• Integrate sustainable insurance principles into enterprise-level strategies.
• Analyze carbon markets (voluntary and compliance) and the roles of key ecosystem actors.
• Describe sustainability goals pertaining to Asia including Singapore and Malaysia, including GHG emissions reduction and Net Zero strategies, and their effects on various sectors.
• Assess the role of carbon as an insurable asset class and apply ESG scores in real-world scenarios.