Environmental, social, and governance (ESG) factors have an increasingly important role at life insurance companies. Major rating agencies have incorporated ESG factors into their rating actions and an effective ESG program supports improved risk management and can reflect favorably on a company’s reputation. A company’s ESG program, among other things, is heavily influenced by current regulatory requirements.
The Joint Educational Webinar addressed existing and upcoming ESG regulations at federal and state levels and it highlighted the potential impacts on a company’s reporting, governance and risk management functions.