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UNDERWRITINGAIGAllianzAvivaAXA 2017AXA 2019Axis Capital
Berkshire Hathaway
ChubbFM GlobalGeneraliHannover ReHDI Global
Liberty Mutual
L&GLloyd'sMapfreMetlifeMS&ADMunich RePing AnQBEZurichPrudentialSamsung FMSOMPOTIAA FamilyTokio MarineSCORSinosureSwiss ReW.R. Berkley
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1.1PolicyDoes the insurance company have a public and detailed policy systematically restricting underwriting for fossil fuels?0111110101110NA00.5NA01111NA00NA01010
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1.2Scope - Type of fossil fuels
Which fossil fuel sectors are subject to underwriting restrictions?
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Coal031.533.530303330NA03NA0313.53NA00NA0303.50
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Tar sands0001.51.51.50000000NA00NA00001.5NA00NA0001.50
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Any other fossil fuel sub-sector e.g. Arctic oil and gas drilling, oil and gas ultra deep ocean drilling, LNG, shale oil and gas, etc.000.50.500000000NA00NA00000.25NA0NA0000.25
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Does the policy apply to all fossil fuels?0000000000000NA00NA00000NA00NA00000
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1.3Companies' exclusion thresholdWhat thresholds are used to define companies that are subject to underwriting restrictions, and from what kind of coverage are these companies excluded ? Be as specific as possible.
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Coal0000320203000NA00NA00023NA00NA0003
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Threshold calculation00000-0-0-000NA00NA000--NA00NA000-0
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Tar sands0000020000000NA00NA00001.5NA00NA00000
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Any other fossil fuel sub-sector e.g. Arctic oil and gas drilling, oil and gas ultra deep ocean drilling, LNG, shale oil and gas, etc.000000000000NA00NA00000.25NA0NA0000
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Does the policy apply to all fossil fuels?0000000000000NA00NA0000-NA00NA00000
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Additional points: The policy excludes these companies for any kind of coverage (with possible exceptions for workers and renewable energy projects).0000000101000NA00NA00011NA00NA00000
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Deductions0--0-0.5-0-0.50-1--0NA0-NA0-0-1-1NA0-NA000-
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1.4No expansionDoes the policy cover all new coal and tar sands mining, power and coal-related infrastructures projects, as well as coverage for companies planning an expansion of their coal power capacity or tar sands activity (and coal mining activity)?
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Coal projects021222.50202220NA02NA020.52.50.5NA00NA0202.50
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Coal companies0000200000.5000NA00NA00002NA00NA00000
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Exemptions of the policy0-1----20-10--2-20NA0-2NA0-1---NA00NA0-0-0
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Tar sand projects0001.51.520000000NA00NA00001.5NA00NA00010
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Tar sand companies0000000000000NA00NA00000NA00NA0000.50
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1.5Existing projectsDoes the policy explicitly cover existing coal mining, power and coal-related infrastructures projects, as well as tar sands mining, transport and infrastructures projects?
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Coal projects02022.510100000NA00NA00000NA00NA0102.50
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Exemptions of the policy0-0.5--0.5-0.5-20-10---0NA00NA00---NA00NA0-0-0
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Tar sands0001.51.510000000NA00NA00001.5NA00NA00000
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1.6Insurance onlyDoes the policy apply to stand-alone and/or package coverage?00011NA0NA00.5NA0.50NA00NA0000.50.5NA00NA00.501.50
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Additional points: The policy plans to gradually lower the threshold to zero by 2040 at the latest worldwide.0100000000NA10NA00NA00000NA00NA00000
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What is the share of insurance vs reinsurance exposure (ratio of premium)?------0NA-NA-NA0-NA--NA-NA-00
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1.7Reinsurance OnlyDoes the policy apply to facultatives and/or treaty insurance coverage?00.25NA00000NA0.250.5NA0NA00.25NA00NA0NANA00NA0001.50
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Additional points: The policy plans to gradually lower the threshold to zero by 2040 at the latest worldwide.00NA00000NA01NA0NA00NA00NA0NANA00NA00000
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1.8Phase outDoes the policy plans a full phase out of insurance coverage to coal and tar sands sector ?
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Coal010.501.500000110NA00NA00000NA00NA00000
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Tar sands0000000000000NA00NA00000NA00NA00000
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Additional points: The policy commits to gradually tighten the exclusion criteria in order to achieve a full phase-out by the targeted deadlines (eg: gradually reduce the exclusion threshold to 0%).0000000000000NA00NA00000NA00NA00000
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Additional points: The policy requires from companies that does not fit into the excluded criteria to adopt by 1st January 2021 a coal phase-out plan based on the closure (not sale) of their coal assets by Paris compliant science-based deadlines.0000100000000NA00NA00000NA00NA00000
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1.9DisclosureDoes the insurance company disclose:
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Its estimation of how much premiums will be lost because of the policy.0101000001000NA00NA0000.50NA00NA00000
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The number of policy coverage linked to fossil fuels and/or the amount of fossil fuels-related premiums it underwrites.0010000000000NA00NA00000NA00NA00000
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The disclosed KPIs are broken down per type of energy.0000000000000NA00NA00000NA00NA00000
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The disclosed KPIs are broken down per type of geographical areas and/or per type of coverage (stand-alone; facultative; packages; treaty). 0000000000000NA00NA00000NA00NA00000
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Total score - underwriting00.210.110.320.470.2700.1700.250.150.150NA00.08NA00.110.060.220.38NA00NA00.1700.40
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