Lloyd’s Market Association Launches ESG Academy to Empower Re/Insurance Professionals

Lloyd’s Market Association Launches ESG Academy to Empower Re/Insurance Professionals
Lloyd's Market Association (LMA) has unveiled its Environmental, Social, and Governance (ESG) Academy, meticulously crafted to cater to professionals entrenched within the Lloyd’s market and the broader global re/insurance sector.

Boasting an extensive array of courses and resources, the ESG Academy is poised to arm industry experts with the indispensable knowledge and tools requisite for adeptly navigating the constantly evolving ESG landscape. The academy also delves into the intricacies of risk management while illuminating the far-reaching implications these factors hold for the Lloyd’s market.

Delivered through three distinct and innovative learning pathways, these courses are tailored to meet the diverse needs of professionals across the re/insurance spectrum. Whether accessed online, virtually, or through in-person sessions, the ESG Academy ensures accessibility and flexibility for individuals at all career stages.

The cornerstone of these courses is to provide a solid grounding in sustainability, aligning professionals with practical insights that can be applied immediately. For those seeking a more profound comprehension of ESG matters, the academy offers facilitator-led courses specially designed for practitioners and senior leaders seeking to delve deeper into the complexities of sustainability.

Andrew Oakley, the Head of LMA Academy, expressed his enthusiasm for this pivotal development, saying, “The launch of the LMA ESG Academy is a testament to the LMA’s commitment to ensure the market is equipped to employ sustainable and responsible business practices.”

He continued: “As the importance of ESG considerations continues to grow, professionals in the industry now have access to specialised ESG training sessions to stay ahead of the curve and drive positive change within their organisations.”

The Lloyd’s Market Association’s ESG Academy promises to be a game-changer in promoting sustainable practices and responsible stewardship within the re/insurance sector. As businesses worldwide increasingly prioritize ESG considerations, this initiative seeks to fortify the industry’s professionals with the expertise needed to meet the evolving demands of today’s world.

The inception of the LMA ESG Academy marks a momentous achievement in the insurance sector’s relentless pursuit of a sustainable and responsible future. Developed through a collaborative effort with esteemed external ESG advisors, including the acclaimed Better Insurance Network, this initiative carries immense significance for the industry.

Incorporating the expertise and insights of renowned ESG advisors, the LMA ESG Academy has been meticulously crafted to equip insurance professionals with the knowledge and tools needed to embrace sustainability and responsible business practices. The Better Insurance Network, known for its leadership in ESG matters, played a pivotal role in shaping the academy’s curriculum and objectives.

An LMA spokesperson, reflecting on this groundbreaking collaboration, said: “As the importance of ESG considerations continues to grow, professionals in the industry now have access to specialised ESG training sessions to stay ahead of the curve and drive positive change within their organisations.”

Paul Davenport, LMA’s Finance & Risk Director, explained: “The Academy underscores our dedication to fostering a culture of sustainability and responsible governance across the Lloyd’s market and the broader re/insurance sector.”

He continued: “Our collaboration with market leading ESG advisors ensures that we are at the forefront of ESG education, empowering professionals with the skills required to keep pace with fast-moving regulation and industry best practices.”

Fiona Temple, LMA’s HR, Academy and Communications Director, also commented, saying: “This initiative comes at a pivotal moment for sustainability on the world’s stage and within our industry.”

She added: “In an increasingly ESG-conscious marketplace, equipping our members with the knowledge they need to navigate the road ahead is our top priority – whether it is building practical foundations for sustainability and engagement, or gaining more in-depth insights on ESG reporting, disclosures and assurance.”

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