2022 ranking of insurers and reinsurers by coal, oil and gas divestment
Insure Our Future's 2022 report ranked the top 30 insurers and reinsurers based on the effectiveness of their policies to withdraw from polluting industries (coal, oil and gas) and committed efforts to eliminate insurance coverage for companies that derive a large portion of their revenues from fossil fuel development.
According to the overall ranking, the top five companies committed to reducing their coal, oil and gas coverage include Allianz, AXA, Aviva, Swiss Re and Axis Capital.
| Ranking by withdrawal from coal. oil and gas coverage | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Companies | SCORE/10 | Rank | Companies | SCORE/11 | Rank | Companies | SCORE/12 |
| 1 | Allianz | 5.3 | 11 | SCOR Re | 2.6 | 21 | Convex | 1 |
| 2 | AXA | 4.8 | 12 | QBE | 2.5 | 22 | Chubb | 0.5 |
| 3 | Aviva | 4.4 | 13 | HDI Global - Talanx | 2.3 | 22 | Ping An | 0.5 |
| 4 | Swiss Re | 4.2 | 14 | AIG | 2 | 24 | Liberty Mutual | 0.4 |
| 5 | Axis Capital | 4.2 | 15 | Sompo | 1.6 | 25 | Lloyd's | 0.2 |
| 6 | Generali | 3.8 | 16 | Tokio Marine | 1.6 | 26 | Berkshire Hathaway | 0 |
| 7 | Zurich | 3.8 | 17 | The Hartford | 1.5 | 26 | Everest Re | 0 |
| 8 | Hannover Re | 3.7 | 18 | MS&AD | 1.5 | 26 | PICC | 0 |
| 9 | Munich Re | 3.4 | 19 | Travelers | 1.3 | 26 | Sinosure | 0 |
| 10 | Mapfre | 3.2 | 20 | Samsung FM | 1.1 | 26 | Starr | 0 |
Insurers and reinsurers: coal industry coverage
In this category, Allianz, AXA and Axis Capital are tied for first place. They are followed by Zurich and Swiss Re in 4th and 5th place.
| Ranking by withdrawal from coal coverage | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Companies | SCORE/10 | Rank | Companies | SCORE/11 | Rank | Companies | SCORE/12 |
| 1 | Allianz | 9 | 10 | SCOR Re | 4.5 | 18 | Travelers | 2 |
| 1 | AXA | 9 | 12 | QBE | 4 | 22 | Chubb | 1.3 |
| 1 | Axis Capital | 9 | 13 | HDI Global - Talanx | 3.3 | 22 | Ping An | 1.3 |
| 4 | Zurich | 7 | 14 | AIG | 3 | 24 | Liberty Mutual | 1 |
| 5 | Swiss Re | 6 | 14 | MS&AD | 3 | 25 | Lloyd's | 0 |
| 6 | Aviva | 5.8 | 16 | Samsung FM | 2.5 | 25 | Berkshire Hathaway | 0 |
| 7 | Generali | 5.5 | 16 | Convex | 2.5 | 25 | Everest Re | 0 |
| 7 | Mapfre | 5.5 | 18 | Sompo | 2 | 25 | PICC | 0 |
| 9 | Hannover Re | 5.3 | 18 | Tokio Marine | 2 | 25 | Sinosure | 0 |
| 10 | Munich Re | 4.5 | 18 | The Hartford | 2 | 25 | Starr | 0 |
Insurers and reinsurers: oil and gas industry coverage
The top five insurers and reinsurers that are dropping oil and gas coverage include Aviva with Hannover Re and Munich Re in the same spot. Allianz and Swiss Re share the fourth position in the ranking.
| Ranking by withdrawal from oil and gas coverage | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Companies | SCORE/10 | Rank | Companies | SCORE/11 | Rank | Companies | SCORE/12 |
| 1 | Aviva | 4 | 10 | Zurich | 1.4 | 19 | Convex | 0 |
| 2 | Hannover Re | 3 | 10 | QBE | 1.4 | 19 | Chubb | 0 |
| 2 | Munich Re | 3 | 10 | Sompo | 1.4 | 19 | Ping An | 0 |
| 4 | Allianz | 2.9 | 14 | SCOR Re | 1.3 | 19 | Liberty Mutual | 0 |
| 4 | Swiss Re | 2.9 | 14 | AIG | 1.3 | 19 | Lloyd's | 0 |
| 6 | Generali | 2.8 | 14 | Tokio Marine | 1.3 | 19 | Berkshire Hathaway | 0 |
| 7 | AXA | 1.9 | 17 | The Hartford | 1.1 | 19 | Everest Re | 0 |
| 8 | HDI Global - Talanx | 1.8 | 17 | Travelers | 1.1 | 19 | PICC | 0 |
| 9 | Mapfre | 1.5 | 19 | MS&AD | 0 | 19 | Sinosure | 0 |
| 10 | Axis Capital | 1.4 | 19 | Samsung FM | 0 | 19 | Starr | 0 |
Insurers and reinsurers: commitment against coal, oil and gas
The reinsurer SCOR is the most active in its efforts to exit polluting industries. It is followed by AXA, Generali, Allianz and Axix Capital.
| Ranking by withdrawal from polluting industries | ||||||||
|---|---|---|---|---|---|---|---|---|
| Rank | Companies | SCORE/10 | Rank | Companies | SCORE/11 | Rank | Companies | SCORE/12 |
| 1 | SCOR Re | 6.4 | 11 | HDI Global - Talanx | 2.1 | 20 | Chubb | 0.5 |
| 2 | AXA | 4.8 | 12 | Mapfre | 2 | 20 | Ping An | 0.5 |
| 3 | Generali | 4.6 | 13 | QBE | 1.6 | 20 | Liberty Mutual | 0.5 |
| 4 | Allianz | 4.4 | 14 | Sompo | 1.4 | 24 | Lloyd's | 0.1 |
| 5 | Axis Capital | 4.2 | 15 | The Hartford | 1.3 | 25 | Convex | 0 |
| 6 | Swiss Re | 3.9 | 16 | AIG | 1.3 | 25 | Berkshire Hathaway | 0 |
| 7 | Zurich | 3.3 | 17 | Travelers | 1.1 | 25 | Everest Re | 0 |
| 8 | Aviva | 2.6 | 18 | Tokio Marine | 1 | 25 | PICC | 0 |
| 9 | Hannover Re | 2.4 | 19 | MS&AD | 0.6 | 25 | Sinosure | 0 |
| 10 | Munich Re | 2.1 | 20 | Samsung FM | 0.5 | 25 | Starr | 0 |
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