The 2021 Scorecard on Insurance, Fossil Fuels & Climate Change

This is the fifth annual Scorecard on Insurance, Fossil Fuels and Climate Change published by the Insure Our Future campaign. The Scorecard analyses the evolving role of the global insurance industry in the fossil fuel sector and in avoiding catastrophic climate collapse. It focuses on 30 leading primary insurers and reinsurers, assessing and scoring their policies on insuring and investing in coal, oil, gas, and other aspects of climate (in)action. The report highlights progress and loopholes, calls out leaders and laggards, and identifies challenges and opportunities for the year ahead.

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Company Country Fossil Fuel Insurance Fossil Fuel Divestment
Allianz Germany
4.7 / 10
Rank 1
4.4 / 10
Rank 3
AXA France
4.6 / 10
Rank 2
5.4 / 10
Rank 1
Axis Capital Bermuda
3.9 / 10
Rank 3
3.5 / 10
Rank 4
Swiss Re Switzerland
3.6 / 10
Rank 4
3.5 / 10
Rank 4
Hannover Re Germany
3.2 / 10
Rank 6
1.1 / 10
Rank 12
Zurich Switzerland
3.2 / 10
Rank 5
3.3 / 10
Rank 6
Mapfre Spain
2.8 / 10
Rank 7
1.7 / 10
Rank 8
Generali Italy
2.6 / 10
Rank 8
2.9 / 10
Rank 7
QBE Australia
2.1 / 10
Rank 10
1.0 / 10
Rank 13
SCOR Re France
2.1 / 10
Rank 9
5.4 / 10
Rank 1
Munich Re Germany
1.8 / 10
Rank 12
1.6 / 10
Rank 9
Aviva United Kingdom
1.8 / 10
Rank 11
0.1 / 10
Rank 23
The Hartford United States
1.3 / 10
Rank 13
1.5 / 10
Rank 11
HDI Global Germany
1.3 / 10
Rank 13
1.6 / 10
Rank 9
Tokio Marine Japan
1.2 / 10
Rank 15
0.4 / 10
Rank 16
Lloyd’s United Kingdom
0.9 / 10
Rank 16
0.4 / 10
Rank 16
MS&AD Japan
0.8 / 10
Rank 17
0.4 / 10
Rank 16
Samsung FM South Korea
0.8 / 10
Rank 17
0.4 / 10
Rank 16
Chubb United States
0.7 / 10
Rank 19
0.6 / 10
Rank 15
Liberty Mutual United States
0.4 / 10
Rank 20
0.8 / 10
Rank 14
Ping An China
0.3 / 10
Rank 21
0.4 / 10
Rank 16
Sompo Japan
0.3 / 10
Rank 21
0.4 / 10
Rank 16
AIG United States
0.0 / 10
Rank 23
0.0 / 10
Rank 24
Berkshire Hathaway United States
0.0 / 10
Rank 23
0.0 / 10
Rank 24
Convex Bermuda
0.0 / 10
Rank 23
0.0 / 10
Rank 24
Everest Re Bermuda
0.0 / 10
Rank 23
0.0 / 10
Rank 24
Sinosure China
0.0 / 10
Rank 23
0.0 / 10
Rank 24
Travelers United States
0.0 / 10
Rank 23
0.0 / 10
Rank 24
W.R. Berkley United States
0.0 / 10
Rank 23
0.4 / 10
Rank 16
Insurers are ditching coal
Number of companies with underwriting policies by fossil fuel sub-sector
Coal Tar Sands Oil & Gas 2 COMPANIES 14 COMPANIES 35 COMPANIES
Coal Becoming unusable
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
Re/Insurers Limiting Coal Insurance(Number)
Primary Insurers Limiting Coal Insurance(Share of Global Non-life Premiums)
Reinsurers Limiting Coal Insurance(Share of Global Non-life Premiums)

Methodology

Insure Our Future shared a scoring grid questionnaire and a list of criteria detailing how their policies would be scored with the 30 insurers, requesting a reply by August 15. By the end of September, 18 companies had replied. Companies that did not respond were scored based on their current policy commitments.

Download scoring information

Download Insure Our Future Scorecard reports from previous years.