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Underwriting

ESG considerations are embedded in our daily underwriting process. We have clear underwriting guidelines covering a range of key issues and apply these on a risk-by-risk basis. Following ESG review, underwriting of a risk may proceed where assessment against our guidelines in confirmed. In some cases, we will seek further information and our decision to proceed is subject to an agreed remediation plan. 


Umbrella policies

  • Environmental 
  • Human / labour rights 
  • Animal welfare 
  • Rule of law

Sector-specific policies

  • Defence & armaments 
  • Forestry & agriculture
  • Mining  
  • Coal
  • Oil & gas 
  • Nuclear & radioactive

Engagement in industry initiatives

The Fidelis Partnership seeks to contribute to initiatives where there is an opportunity to engage and help deliver sustainability progress across the industry. We actively push for change on specific issues, for instance anti-slavery, as well as taking part in broader collaborations with our peers.

  • The Fidelis Partnership is a member of the United Nations Forum for Insurance Transition
  • The Fidelis Partnership is a member of the Principles for Sustainable Insurance (PSI)
  • The Fidelis Partnership is a member of CLimateWise
  • The Fidelis Partnership is a founding member of the Poseidon Principles for Marine Insurance
  • The Fidelis Partnership developed the forced labour clause for high-risk industries and works closely with Anti-Slavery International

Measuring emissions across our underwriting portfolio

Recognising the critical role insurers play in the transition to a low carbon economy, The Fidelis Partnership has been building the capability to measure and manage emissions associated with its underwriting activities for several years.

In 2022, Fidelis began formal work to quantify the greenhouse gas emissions associated with its underwriting portfolio, alongside the introduction of broader ESG metrics and governance processes at Group level. This marked an important step in strengthening our understanding of how our underwriting decisions interact with real economy emissions and climate related transition risks.

Since then, we have continued to develop the sophistication of this approach. We calculate Insurance Associated Emissions (IAEs) on an annual basis, enabling us to track emissions trends across the portfolio and measure progress against our decarbonisation objectives. These calculations are embedded within our wider ESG underwriting framework and inform ongoing portfolio management, engagement with clients, and reporting to senior management and the Board

Contributing to industry standards

Alongside measuring our own impacts, The Fidelis Partnership actively contributes to the development of industry‑wide methodologies for insurance emissions accounting. We are a participant in the Partnership for Carbon Accounting Financials (PCAF) Insurance Working Group, which developed the globally recognised standard for measuring and disclosing insurance‑associated emissions. This engagement helps ensure our own approach remains aligned with emerging best practice, while also contributing practitioner insight to the evolution of industry standards.