Our business is the assumption and diversification of risks in primary insurance and reinsurance. We possess strong leverage for sustainable action by linking economic success with added value for society. In our insurance business, we principally achieve this through a strong client focus, by offering responsible products and services, and through the integration of relevant ESG criteria into our insurance and reinsurance products as well as our services. In addition to implementing ESG criteria in underwriting, we support the achievement of the Paris climate targets by insuring new, climate-friendly technologies and make those technologies more attractive and financially viable for investors.
We systematically take ESG aspects into account in our insurance business. The systematic integration of ESG aspects enables us to identify these risks and to minimise them in cooperation with our clients. We also make use of collaboration with other partners, institutions and non-governmental organisations (NGOs).
This approach is relevant for our business in three different ways: