Bridging Life Insurance and Sustainability: An Imperative Connection

Thought leadershipReadJuly 19, 2023

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At the intersection of life insurance and sustainability lies a profound realization – our environmental, social, and governance (ESG) footprints impact the security and longevity of our futures. Integrating sustainability into our operations is not only good corporate citizenship for a life insurance company like Zurich; it is fundamental to our business model.

Why is sustainability so important to us? First and foremost, it is a matter of risk management. Climate change is no longer a distant threat, but a present reality. It has an impact on health conditions and mortality rates, both of which are fundamental parameters in our industry. Zurich is actively addressing this risk by making an effort to reduce our carbon footprint, not only for our company but also for our clients.

Secondly, we acknowledge the power of our investment portfolio. As life insurers, we have substantial assets to back our policy commitments. By choosing to invest responsibly, we can influence corporate behaviour and support a shift to a greener economy. Zurich's introduction of a carbon-neutral world equity fund demonstrates our commitment to developing innovative sustainable financial products.

Finally, there's the matter of trust. Customers today seek companies that align with their values. A demonstrated commitment to sustainability not only attracts customers who share our values but also strengthens our relationship with them. Knowing their premiums are used responsibly, customers can rely on us as partners in their journey to secure their future and the future of the planet.

In conclusion, sustainability is integral to the life insurance industry. It encourages us to navigate risks, promote positive transformation through our investments, and build trust with our customers more effectively. It's not just about doing what's right for the planet; it's also about doing what's best for our company, our customers, and, ultimately, our shared future.

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