Global reinsurance company Swiss Re is joining Lloyd’s Lab.
In Brief:
Lloyd’s Lab is a space dedicated to fostering and accelerating new solutions in the insurance sector.
Swiss Re will join the latest cohort to develop its prototype for ESG data.
The ESG tool will collect and assess data on private companies for insurers.
What does this mean?
Currently, there is a lot of confusion around ESG data and many businesses are developing tools to try and remedy this. Swiss Re points to particular problems with private company data and how insurers can visualise this.
