The global insurance industry experienced a 47% rise in company filings mentions of social responsibility in Q1 2023 compared with the previous quarter, with the highest share accounted for by Humana, according to GlobalData’s analysis of over 89 insurance company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Insurance and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Notably, social responsibility was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of internet of things and robotics, according to GlobalData.
Of the 50 leading companies in the insurance industry, Humana had the greatest increase in references for social responsibility in Q1 2023, compared with the previous quarter. GlobalData identified 132 social responsibility-related sentences in the company's filings - 148% of all sentences - and an increase of 6500% in Q1 2023 compared with Q4 2022. Aflac’s mentions of social responsibility rose by 1000% to 22 and Sompo’s by 100% to 15 and SBI Life Insurance’s by 100% to 5 and Fairfax Financial’s by 100% to 2.
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 Q1 2023 was 107.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.