ESG industry insights: Insurance

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With ESG top of mind for many companies, we’re continuing our podcast series looking at how the current and future reporting landscape may impact individual industries. This week, guest host Casey Herman, PwC’s US ESG leader, was joined by PwC partners Jennifer Kosar and Erica Chase to discuss the current state of climate and ESG reporting in the insurance industry and the associated challenges.

In this episode, our guests discuss:

• 1:51 - The current state of climate and ESG reporting in the insurance industry and areas of focus
• 11:35 - Challenges and concerns insurers are thinking about as they work through ESG reporting
• 17:34 - Planning to comply with the proposed reporting requirements while protecting proprietary information
• 23:55 - The impact of the proposed footnote disclosures on the industry and how companies are planning for the requirements
• 31:15 - Navigating the overlapping layers of state, federal, and international reporting requirements
• 37:41 - What industry leaders are doing now to address the new ESG reporting requirements, and what’s to come

Listen to our previous podcast that provides insights into the ESG disclosures that matter to investors. Also refer to the text or audio version of our In the loop, The SEC wants me to disclose what?

Jennifer Kosar is a partner in PwC’s Digital Assurance and Transparency practice, helping clients in the financial services industry through the design and execution of governance, risk management, audit, and compliance programs throughout their organization. Recently, Jenn has focused on providing support to her clients on the risks and opportunities that ESG creates for the financial services industry.

Erica Chace is a partner in PwC’s Trust Solutions practice, specializing in providing assurance services to insurance companies. Erica supports PwC’s Sustainability Services group, which involves helping clients develop their ESG strategy and assess relevant reporting requirements.

Casey Herman is PwC’s US ESG Leader. Casey has over 35 years of experience leading and working on the audits of many significant, complex clients and is a member of the Edison Electric Institute's Wall Street Advisory Group, the Electric Power Research Institutes Advisory Council, and the NYU Stern Business School Center for Sustainable Business Advisory Council.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].