Oliver Wyman – Sustainable Insurance Roadmap and Report, 2024

The Sustainable Insurance Roadmap & Report, based on 18 months of research, aims to update the non-life insurance industry on their progress in implementing sustainability and provide guidance for refining sustainability strategies. The report defines the role of insurance in building a more resilient, sustainable, low carbon world, identifies key sustainability risks and opportunities for insurers, assesses industry progress, highlights best practices, recommends actions for insurers to implement sustainability, and sets goals for the industry to achieve by 2024. The report shows that while there is still a wide range of approaches across the industry, many companies are now focused on how to implement sustainability rather than why. The report emphasizes the importance of implementing sustainability measures and outlines eight high priority 'Action Areas' and practical steps for insurers to take. The report aims to accelerate progress towards a more sustainable world through 10 near-term goals for the industry.