The Principles for Sustainable Insurance (PSI): Our Public Disclosure of Progress

Principle 1

We will embed in our decision-making ESG issues relevant to our insurance business.

• As described in our “approach to corporate responsibility”, we seek to embed ESG issues in both our business solutions and risk management (see Implementation areas).
• We plan to achieve this by:

1. developing innovative risk transfer solutions (eg index insurance products and cat bonds) and by working closely with partners both in the private and public sectors;
2. using tailor-made tools in our risk management to address sustainability risks;
3. integrating ESG criteria in our asset management.

• Key actions taken in 2017:

1. for business solutions, see achievements described in Creating solutions for sustainability;
2. for risk management, see achievements described in Extending our risk intelligence;
3. for asset management, see achievements described in Responsible investment.

Principle 2

We will work together with our clients and business partners to raise awareness of ESG issues, manage risk and develop solutions.

• As described in our “approach to corporate responsibility”, we engage in regular dialogue with our clients and other stakeholders, and apply ESG guidelines in our sourcing activities (see Implementation areas).
• We plan to achieve this by:

1. interacting with clients and taking an active role in industry initiatives to advance sustainable business practices;
2. sharing and advancing our risk expertise with a special focus on our Top Topics, supported by the Swiss Re Institute;
3. applying overarching guidelines and specific “minimum standards” in our sourcing activities.

• Key actions taken in 2017:

1. for client and industry cooperation, see achievements described in Client and industry interaction;
2. for general risk dialogue, see achievements described in Exploring and shaping the risk landscape;
3. for sourcing guidelines, see achievements described in Sustainability in our supply chain.

Principle 3

We will work together with governments, regulators and other key stakeholders to promote widespread action across society on ESG issues.

• As described in our “approach to corporate responsibility”, we engage in regular dialogue with all our stakeholders (see Implementation areas).
• We plan to achieve this by: sharing and advancing our risk expertise with a special focus on our Top Topics, supported by the Swiss Re Institute.
• Key actions taken in 2017: See stakeholder dialogue achievements in Exploring and shaping the risk landscape.

Principle 4

We will demonstrate accountability and transparency in regularly disclosing publicly our progress in implementing the Principles.

• Starting in 2012, we have been disclosing our progress in implementing the Principles on an annual basis, as an integrated part of our Corporate Responsibility Report.