ESG in the Insurance Sector

Mission Statement

Environmental, Social, and Governance (ESG) considerations impact every part of the insurance ecosystem, from product development and sales through asset management to board governance. Insurers in Africa and Zambia are uniquely positioned to drive sustainability by supporting businesses and communities to manage ESG-related risks. We partner with our insurance clients to navigate this journey and help them achieve their strategic objectives.

The Issue

Insurance companies in Africa are increasingly addressing:

• The growing demands of consumers, regulators, investors, and stakeholders for ESG accountability.
• The pressure to invest in and underwrite only sustainable assets and projects.
• The integration of technology and digitalisation to enhance customer experience and product development.
• A rapidly expanding body of “hard” and “soft” laws that embed ESG considerations into corporate governance and operations.

What We Do

RBGLP provides industry-leading legal and regulatory support to the African insurance sector, including:

• Designing ESG-aligned policies for underwriting and investment portfolios.
• Addressing the impact of climate change and litigation trends on policy wording and risk exposure.
• Supporting compliance with regional ESG reporting obligations and international sustainability frameworks.
• Advising on innovative product development, such as micro-insurance products tailored to underserved markets in Zambia and the sub-region.

Our Impact

We have partnered with insurance providers to integrate ESG practices across their operations, enabling them to meet compliance requirements while driving meaningful social and environmental impact.