International General Insurance Holdings Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Corporate and Social Responsibility
- Diversity and Inclusion
Social Achievements
- Continued support of charitable causes (education, medical research, arts, youth initiatives), including The Hana Project, Promise Welfare Society, Princess Taghrid Institute for Development and Training, Haven House Children’s Hospice, and PalMusic UK.
- Continued commitment to Diversity and Inclusion, including support of Lloyd’s of London “Dive In Festival”.
Governance Achievements
- Formation of an ESG Committee representing stakeholders, led by the Chief Risk Officer.
Climate Goals & Targets
Environmental Challenges
- Challenging economic environment and shifting risk landscape.
- Inflationary and socio-economic pressures impacting long-tail segment renewal rates and intensifying competition.
Mitigation Strategies
- Progressively cautious view in long-tail segment.
- Mitigation of inflationary impacts by reducing the duration of bond portfolio.
- Continued to work collaboratively across platforms, leveraging global relationships.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Global climate change regulation