Thursday, November 24, 2022

Chaucer marks centenary yr | Insurance coverage Enterprise America

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Chaucer marks centenary year

Specialty (re)insurance coverage group Chaucer has outlined two key priorities because the enterprise celebrates its one centesimal anniversary.

“Chaucer has loved 100 years of development, and we’re very enthusiastic about what the long run has in retailer as we transfer into our second century,” stated Chaucer chief govt John Fowle, whose camp desires to develop into a market chief in ESG (environmental, social, and governance) and sustainability.

“Chaucer’s dedication to sustainability and measurable ESG progress underscores every part that we do as a agency, and we hope to additional construct upon our status on this space.”

In September, in collaboration with built-in danger evaluation agency Moody’s, Chaucer launched its ESG Balanced Scorecard which spans underwriting, investments, and operations.

In the meantime, one other precedence for Chaucer is to supply protection for underserved markets by the use of innovation. A key focus space, stated the worldwide underwriting group, would be the additional improvement of Chaucer’s providing of parametric and microinsurance merchandise. 

“We consider innovation is vital to supporting transition and social improvement, and we’re decided to continually search options to new or unsolved insurance coverage issues,” stated Fowle.

“We’re extraordinarily lucky to have development alternatives in entrance of us that may be each worthwhile and help our ESG technique. There’s a lot to be trying ahead to within the years forward.”

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