The global insurance industry experienced a 54% drop in company filings mentions of environmental sustainability in Q3 2023 compared with the previous quarter, with the highest share accounted for by Great-West Lifeco with 6% year-on-year decrease, according to GlobalData’s analysis of over 150 insurance company filings. GlobalData’s Insurance: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the insurance industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, environmental sustainability was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of artificial intelligence and cryptocurrencies, according to GlobalData.
Of the top leading companies in the insurance industry, Great-West Lifeco had the greatest increase in references for environmental sustainability in Q3 2023, compared with the previous quarter. GlobalData identified 245 environmental sustainability-related sentences in the company's filings - 15% of all sentences - and a decrease of 6% in Q3 2023 compared with Q3 2022. Cathay Financial’s mentions of environmental sustainability rose by 28% to 176 and SBI Life Insurance’s by 165% to 159 and Fubon Financial’s by 13% to 136 and American International Group Inc (AIG)’s by 2060% to 108.
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 environmental sustainability in Q3 2023 was 115.
For further understanding of GlobalData's Insurance: Filings Trends & Signals Q3 2023, buy the report here.