A New Environment For Insurers

Environmental, social and governance (ESG) is a philosophy, not a catchphrase. A principle for the good of expanding principal, ESG is a chance for the insurance industry to do well by doing good.

This chance is real, measurable and beneficial. This chance is, in other words, not chancy.

This chance is a matter of reducing risk, not increasing it; of insuring financial security, not issuing assurances in lieu of guaranteeing them; of building assets, not buying losing properties. Seizing this chance should be a priority for every insurer.

About financial security, about the chance for the insurance industry to make this concept a reality, about the chance for insurers to offer security without the double-dealing that plagues the securities industry, about the chance to free Main Street from the speculation and volatility of Wall Street, I write of what I know.

That is to say, I believe in ESG because I refuse to do business without it.