The global insurance industry experienced a 78% drop in company filings mentions of social responsibility in Q2 2024 compared with the previous quarter, with the highest share accounted for by ICICI Prudential Life Insurance with 64% year-on-year decrease, according to GlobalData’s analysis of over 50 insurance company filings. GlobalData’s Insurance: Filings Trends & Signals Q2 2024 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.
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Notably, social responsibility was one of the most frequently referenced themes in Q2 2024, ranking highest in terms of mentions, ahead of robotics and batteries, according to GlobalData.
Of the top leading companies in the insurance industry, ICICI Prudential Life Insurance had the greatest increase in references for social responsibility in Q2 2024, compared with the previous quarter. GlobalData identified 81 social responsibility-related sentences in the company's filings - 1% of all sentences - and a decrease of 64% in Q2 2024 compared with Q2 2023. Assicurazioni Generali’s mentions of social responsibility rose by 215% to 41 and ICICI Lombard General Insurance’s by 77% to 39 and HDFC Life Insurance’s by 300% to 8 and Willis Towers Watson’s by 150% to 5.
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 social responsibility in Q2 2024 was 104.
For further understanding of GlobalData's Insurance: Filings Trends & Signals Q2 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
