The recently approved NDSI strategy is to simultaneously move large numbers of members towards greater sustainable insurance maturity via a segmented capacity-building approach.
To support this segmented capacity-building approach, the NDSI risk carrier signatories (i.e. insurers and reinsurers) have been divided into three broad segments representing different stages of the sustainability journey:
- Early stage: Looking to take first steps on ESG
- Maturing: Have started to integrate sustainable insurance principles into the business, but still learning
- Advanced: Implementing a sustainability strategy aligned with governance, targets and reporting
The broad capacity building approaches that NDSI have identified for each segment are as follows:
- Segment I: Learning and development through webinars, knowledge materials and toolkits. Eventually the ambition is to create an online NDSI Academy.
- Segments II & III: Working groups and technical assistance.
This consultancy is intended to support these various capacity building activities as well as some of the broader work of NDSI.