AIG piloting ESG underwriting framework
Insurer American International Group (AIG) is piloting an ESG underwriting framework across its general insurance business. In its 2021 ESG Report, the company states: “Understanding our role as an insurer and influencer of risk management practices, we have developed an ESG underwriting framework that defines our company-wide approach for consistently integrating ESG across all product lines. As such we have implemented a dynamic and comprehensive methodology that informs how we approach and manage climate risk." The report also highlights AIG’s focus on expanding its services in the low-carbon and renewable energy industries. In March 2022, the company announced a target of achieving net zero in its underwriting and investment portfolios by 2050.