Therefore, they have a responsibility to contribute positively to society. This
article focuses on the Dutch health insurance market and the ESG risks and opportunities that health insurers in this market face. Understanding and identifying these ESG risks is critical to position insurers to leverage the related opportunities and strengthen their market presence and benefit policyholders as well as society at large.
ESG RISKS AND OPPORTUNITIES FOR HEALTH INSURERS
Some may argue that due to the short-term nature of health insurance, ESG-related risks may not be a primary concern as they can be priced for each new year. However, prudent consideration of these risks is essential to maintain relevance in the market and fulfil the responsibility of health insurers to contribute to society. Some of the most important risks that health insurers may face include increased claims costs, investment risk, regulatory compliance risk, reputational risk and innovation stagnation risk. We will consider each of these in some detail.
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