The global insurance industry experienced a 27% drop in company filings mentions of corporate governance in Q1 2023 compared with the previous quarter, with the highest share accounted for by SBI Life Insurance, according to GlobalData’s analysis of over 19 insurance company filings. Corporate Governance is a priority in most of the industries today including Insurance. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
Notably, corporate governance was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of artificial intelligence and Covid-19, according to GlobalData.
Of the top leading companies in the insurance industry, SBI Life Insurance had the greatest increase in references for corporate governance in Q1 2023, compared with the previous quarter. GlobalData identified 4 corporate governance-related sentences in the company's filings - 21% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q1 2023 was 96.
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