50 Years of Climate Failure: 2023 Scorecard on Insurance, Fossil Fuels and the Climate Emergency
The Seventh Annual Scorecard
This is the seventh annual Scorecard on Insurance, Fossil Fuels and the Climate Emergency published by the Insure Our Future campaign. The Scorecard analyses 30 leading primary insurers and reinsurers, assessing their policies on insuring and investing in coal, oil and gas. The report highlights progress and loopholes, calls out leaders and laggards, and identifies challenges and opportunities for the year ahead.
The Insurance Industry Must End Support of New Fossil Fuels
Insurers adopting oil & gas exit policies
The number of insurance companies adopting oil and gas restrictions has slowed.
2020
2021
2022
2023
Number of insurers with fossil fuel restrictions, by sector
Insurance company restrictions on oil and gas are far weaker than on coal. At the time of the 2023 Scorecard's publication, 18 companies have adopted oil and gas restrictions while 45 insurance companies have restrictions on coal. Coal companies are finding it ever harder to get insurance for new projects and, increasingly, for existing operations.
Coal
45 companies
Tar Sands
26 companies
Oil & Gas
18 companies
Scorecard 2023
Scoring Key
0.0 - 1.4
1.5 - 3.4
3.5 - 7.0
7.1 - 10
| Company | Underwriting | Investment |
|---|
Scroll
| Company | Country | Underwriting | Investment | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total | Coal | Oil & Gas | Total | Coal | Oil & Gas | |||||
|
Rank 1
Total
10 / 10
Total
Rank 1
|
Rank 1
Total
10 / 10
Total
Rank 1
|
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|
Rank 2
Total
10 / 10
Total
Rank 2
|
Rank 2
Total
10 / 10
Total
Rank 2
|
|||||||||
|
Rank 3
Total
10 / 10
Total
Rank 3
|
Rank 3
Total
10 / 10
Total
Rank 3
|
|||||||||
Allianz  |
|
6.63 / 10
Rank 4
Total
6.63 / 10
Coal
10 / 10
Oil & Gas
3.74 / 10
Total
Rank 4
Coal
Rank 1
Oil & Gas
Rank 3
|
10 / 10
Rank 1
|
3.74 / 10
Rank 3
|
4.0 / 10
Rank 9
Total
4.0 / 10
Coal
6.7 / 10
Oil & Gas
2.7 / 10
Total
Rank 9
Coal
Rank 9
Oil & Gas
Rank 13
|
6.7 / 10
Rank 9
|
2.7 / 10
Rank 13
|
|||
Generali  |
|
5.39 / 10
Rank 5
Total
5.39 / 10
Coal
8.33 / 10
Oil & Gas
4 / 10
Total
Rank 5
Coal
Rank 4
Oil & Gas
Rank 1
|
8.33 / 10
Rank 4
|
4 / 10
Rank 1
|
5.8 / 10
Rank 2
Total
5.8 / 10
Coal
10 / 10
Oil & Gas
3.8 / 10
Total
Rank 2
Coal
Rank 1
Oil & Gas
Rank 2
|
10 / 10
Rank 1
|
3.8 / 10
Rank 2
|
|||
Aviva  |
|
5.06 / 10
Rank 6
Total
5.06 / 10
Coal
7.83 / 10
Oil & Gas
4.0 / 10
Total
Rank 6
Coal
Rank 6
Oil & Gas
Rank 1
|
7.83 / 10
Rank 6
|
4.0 / 10
Rank 1
|
4.8 / 10
Rank 8
Total
4.8 / 10
Coal
7.8 / 10
Oil & Gas
3.3 / 10
Total
Rank 8
Coal
Rank 7
Oil & Gas
Rank 8
|
7.8 / 10
Rank 7
|
3.3 / 10
Rank 8
|
|||
Swiss Re  |
|
4.61 / 10
Rank 7
Total
4.61 / 10
Coal
8.82 / 10
Oil & Gas
3.34 / 10
Total
Rank 7
Coal
Rank 3
Oil & Gas
Rank 5
|
8.82 / 10
Rank 3
|
3.34 / 10
Rank 5
|
5.6 / 10
Rank 3
Total
5.6 / 10
Coal
10 / 10
Oil & Gas
3.3 / 10
Total
Rank 3
Coal
Rank 1
Oil & Gas
Rank 6
|
10 / 10
Rank 1
|
3.3 / 10
Rank 6
|
|||
AXA  |
|
4.54 / 10
Rank 8
Total
4.54 / 10
Coal
9.33 / 10
Oil & Gas
1.98 / 10
Total
Rank 8
Coal
Rank 2
Oil & Gas
Rank 9
|
9.33 / 10
Rank 2
|
1.98 / 10
Rank 9
|
5.6 / 10
Rank 3
Total
5.6 / 10
Coal
10 / 10
Oil & Gas
3.3 / 10
Total
Rank 3
Coal
Rank 1
Oil & Gas
Rank 6
|
10 / 10
Rank 1
|
3.3 / 10
Rank 6
|
|||
|
Hannover Re |
|
3.94 / 10
Rank 9
Total
3.94 / 10
Coal
6.18 / 10
Oil & Gas
3.39 / 10
Total
Rank 9
Coal
Rank 9
Oil & Gas
Rank 4
|
6.18 / 10
Rank 9
|
3.39 / 10
Rank 4
|
3.2 / 10
Rank 12
Total
3.2 / 10
Coal
3.3 / 10
Oil & Gas
3.1 / 10
Total
Rank 12
Coal
Rank 11
Oil & Gas
Rank 9
|
3.3 / 10
Rank 11
|
3.1 / 10
Rank 9
|
|||
Axis Capital  |
|
3.89 / 10
Rank 10
Total
3.89 / 10
Coal
8.24 / 10
Oil & Gas
1.34 / 10
Total
Rank 10
Coal
Rank 5
Oil & Gas
Rank 13
|
8.24 / 10
Rank 5
|
1.34 / 10
Rank 13
|
4.9 / 10
Rank 5
Total
4.9 / 10
Coal
10 / 10
Oil & Gas
3.1 / 10
Total
Rank 5
Coal
Rank 1
Oil & Gas
Rank 9
|
10 / 10
Rank 1
|
3.1 / 10
Rank 9
|
|||
|
Zurich |
|
3.54 / 10
Rank 11
Total
3.54 / 10
Coal
7.80 / 10
Oil & Gas
1.49 / 10
Total
Rank 11
Coal
Rank 7
Oil & Gas
Rank 11
|
7.80 / 10
Rank 7
|
1.49 / 10
Rank 11
|
5.3 / 10
Rank 6
Total
5.3 / 10
Coal
10 / 10
Oil & Gas
2.9 / 10
Total
Rank 6
Coal
Rank 1
Oil & Gas
Rank 11
|
10 / 10
Rank 1
|
2.9 / 10
Rank 11
|
|||
|
Munich Re |
|
3.22 / 10
Rank 12
Total
3.22 / 10
Coal
5.59 / 10
Oil & Gas
2.41 / 10
Total
Rank 12
Coal
Rank 10
Oil & Gas
Rank 7
|
5.59 / 10
Rank 10
|
2.41 / 10
Rank 7
|
3.1 / 10
Rank 13
Total
3.1 / 10
Coal
3.3 / 10
Oil & Gas
2.9 / 10
Total
Rank 13
Coal
Rank 11
Oil & Gas
Rank 11
|
3.3 / 10
Rank 11
|
2.9 / 10
Rank 11
|
|||
|
SCOR Re |
|
3.12 / 10
Rank 13
Total
3.12 / 10
Coal
6.47 / 10
Oil & Gas
1.68 / 10
Total
Rank 13
Coal
Rank 8
Oil & Gas
Rank 10
|
6.47 / 10
Rank 8
|
1.68 / 10
Rank 10
|
10 / 10
Rank 1
Total
10 / 10
Coal
10 / 10
Oil & Gas
10 / 10
Total
Rank 1
Coal
Rank 1
Oil & Gas
Rank 1
|
10 / 10
Rank 1
|
10 / 10
Rank 1
|
|||
|
HDI Global |
|
3.08 / 10
Rank 14
Total
3.08 / 10
Coal
4.67 / 10
Oil & Gas
2.54 / 10
Total
Rank 14
Coal
Rank 12
Oil & Gas
Rank 6
|
4.67 / 10
Rank 12
|
2.54 / 10
Rank 6
|
3.5 / 10
Rank 11
Total
3.5 / 10
Coal
3.3 / 10
Oil & Gas
3.5 / 10
Total
Rank 11
Coal
Rank 11
Oil & Gas
Rank 4
|
3.3 / 10
Rank 11
|
3.5 / 10
Rank 4
|
|||
Mapfre  |
|
2.99 / 10
Rank 15
Total
2.99 / 10
Coal
5.17 / 10
Oil & Gas
2.08 / 10
Total
Rank 15
Coal
Rank 11
Oil & Gas
Rank 8
|
5.17 / 10
Rank 11
|
2.08 / 10
Rank 8
|
4 / 10
Rank 9
Total
4 / 10
Coal
5 / 10
Oil & Gas
3.5 / 10
Total
Rank 9
Coal
Rank 10
Oil & Gas
Rank 4
|
5 / 10
Rank 10
|
3.5 / 10
Rank 4
|
|||
QBE  |
|
2.11 / 10
Rank 16
Total
2.11 / 10
Coal
4 / 10
Oil & Gas
1.20 / 10
Total
Rank 16
Coal
Rank 13
Oil & Gas
Rank 15
|
4 / 10
Rank 13
|
1.20 / 10
Rank 15
|
5.1 / 10
Rank 7
Total
5.1 / 10
Coal
7.8 / 10
Oil & Gas
3.8 / 10
Total
Rank 7
Coal
Rank 7
Oil & Gas
Rank 2
|
7.8 / 10
Rank 7
|
3.8 / 10
Rank 2
|
|||
AIG  |
|
1.61 / 10
Rank 17
Total
1.61 / 10
Coal
2.67 / 10
Oil & Gas
1.30 / 10
Total
Rank 17
Coal
Rank 14
Oil & Gas
Rank 14
|
2.67 / 10
Rank 14
|
1.30 / 10
Rank 14
|
2.4 / 10
Rank 14
Total
2.4 / 10
Coal
3.3 / 10
Oil & Gas
1.9 / 10
Total
Rank 14
Coal
Rank 11
Oil & Gas
Rank 14
|
3.3 / 10
Rank 11
|
1.9 / 10
Rank 14
|
|||
|
Chubb |
|
1.52 / 10
Rank 18
Total
1.52 / 10
Coal
2 / 10
Oil & Gas
1.34 / 10
Total
Rank 18
Coal
Rank 16
Oil & Gas
Rank 12
|
2 / 10
Rank 16
|
1.34 / 10
Rank 12
|
1.1 / 10
Rank 22
Total
1.1 / 10
Coal
3.3 / 10
Oil & Gas
0 / 10
Total
Rank 22
Coal
Rank 11
Oil & Gas
Rank 22
|
3.3 / 10
Rank 11
|
0 / 10
Rank 22
|
|||
Sompo  |
|
1.43 / 10
Rank 19
Total
1.43 / 10
Coal
2 / 10
Oil & Gas
1.17 / 10
Total
Rank 19
Coal
Rank 16
Oil & Gas
Rank 16
|
2 / 10
Rank 16
|
1.17 / 10
Rank 16
|
2.2 / 10
Rank 17
Total
2.2 / 10
Coal
3.3 / 10
Oil & Gas
1.7 / 10
Total
Rank 17
Coal
Rank 11
Oil & Gas
Rank 17
|
3.3 / 10
Rank 11
|
1.7 / 10
Rank 17
|
|||
|
MS&AD |
|
1.33 / 10
Rank 20
Total
1.33 / 10
Coal
2 / 10
Oil & Gas
1 / 10
Total
Rank 20
Coal
Rank 16
Oil & Gas
Rank 17
|
2 / 10
Rank 16
|
1 / 10
Rank 17
|
2.2 / 10
Rank 18
Total
2.2 / 10
Coal
3.3 / 10
Oil & Gas
1.7 / 10
Total
Rank 18
Coal
Rank 11
Oil & Gas
Rank 18
|
3.3 / 10
Rank 11
|
1.7 / 10
Rank 18
|
|||
|
Tokio Marine |
|
1.33 / 10
Rank 20
Total
1.33 / 10
Coal
2 / 10
Oil & Gas
1 / 10
Total
Rank 20
Coal
Rank 16
Oil & Gas
Rank 17
|
2 / 10
Rank 16
|
1 / 10
Rank 17
|
2.2 / 10
Rank 18
Total
2.2 / 10
Coal
3.3 / 10
Oil & Gas
1.7 / 10
Total
Rank 18
Coal
Rank 11
Oil & Gas
Rank 18
|
3.3 / 10
Rank 11
|
1.7 / 10
Rank 18
|
|||
Samsung FM  |
|
1.31 / 10
Rank 22
Total
1.31 / 10
Coal
2.27 / 10
Oil & Gas
1 / 10
Total
Rank 22
Coal
Rank 15
Oil & Gas
Rank 17
|
2.27 / 10
Rank 15
|
1 / 10
Rank 17
|
2.2 / 10
Rank 18
Total
2.2 / 10
Coal
3.3 / 10
Oil & Gas
1.7 / 10
Total
Rank 18
Coal
Rank 11
Oil & Gas
Rank 18
|
3.3 / 10
Rank 11
|
1.7 / 10
Rank 18
|
|||
|
The Hartford |
|
1.28 / 10
Rank 23
Total
1.28 / 10
Coal
2 / 10
Oil & Gas
0.9 / 10
Total
Rank 23
Coal
Rank 16
Oil & Gas
Rank 20
|
2 / 10
Rank 16
|
0.9 / 10
Rank 20
|
2.4 / 10
Rank 14
Total
2.4 / 10
Coal
3.3 / 10
Oil & Gas
1.9 / 10
Total
Rank 14
Coal
Rank 11
Oil & Gas
Rank 14
|
3.3 / 10
Rank 11
|
1.9 / 10
Rank 14
|
|||
|
Travelers |
|
1.17 / 10
Rank 24
Total
1.17 / 10
Coal
2 / 10
Oil & Gas
0.9 / 10
Total
Rank 24
Coal
Rank 16
Oil & Gas
Rank 20
|
2 / 10
Rank 16
|
0.9 / 10
Rank 20
|
2.4 / 10
Rank 14
Total
2.4 / 10
Coal
3.3 / 10
Oil & Gas
1.9 / 10
Total
Rank 14
Coal
Rank 11
Oil & Gas
Rank 14
|
3.3 / 10
Rank 11
|
1.9 / 10
Rank 14
|
|||
Ping An  |
|
0.56 / 10
Rank 25
Total
0.56 / 10
Coal
1.33 / 10
Oil & Gas
0 / 10
Total
Rank 25
Coal
Rank 22
Oil & Gas
Rank 23
|
1.33 / 10
Rank 22
|
0 / 10
Rank 23
|
1.1 / 10
Rank 22
Total
1.1 / 10
Coal
3.3 / 10
Oil & Gas
0 / 10
Total
Rank 22
Coal
Rank 11
Oil & Gas
Rank 22
|
3.3 / 10
Rank 11
|
0 / 10
Rank 22
|
|||
|
Liberty Mutual |
|
0.44 / 10
Rank 26
Total
0.44 / 10
Coal
1.33 / 10
Oil & Gas
0 / 10
Total
Rank 26
Coal
Rank 22
Oil & Gas
Rank 23
|
1.33 / 10
Rank 22
|
0 / 10
Rank 23
|
1.1 / 10
Rank 22
Total
1.1 / 10
Coal
3.3 / 10
Oil & Gas
o / 10
Total
Rank 22
Coal
Rank 11
Oil & Gas
Rank 22
|
3.3 / 10
Rank 11
|
o / 10
Rank 22
|
|||
|
Lloyd’s |
|
0.08 / 10
Rank 27
Total
0.08 / 10
Coal
0.12 / 10
Oil & Gas
0.7 / 10
Total
Rank 27
Coal
Rank 24
Oil & Gas
Rank 22
|
0.12 / 10
Rank 24
|
0.7 / 10
Rank 22
|
2.2 / 10
Rank 18
Total
2.2 / 10
Coal
3.3 / 10
Oil & Gas
1.7 / 10
Total
Rank 18
Coal
Rank 11
Oil & Gas
Rank 18
|
3.3 / 10
Rank 11
|
1.7 / 10
Rank 18
|
|||
|
W.R. Berkley |
|
0 / 10
Rank 28
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 28
Coal
Rank 25
Oil & Gas
Rank 23
|
0 / 10
Rank 25
|
0 / 10
Rank 23
|
1.1 / 10
Rank 22
Total
1.1 / 10
Coal
3.3 / 10
Oil & Gas
0 / 10
Total
Rank 22
Coal
Rank 11
Oil & Gas
Rank 22
|
3.3 / 10
Rank 11
|
0 / 10
Rank 22
|
|||
|
Berkshire Hathaway |
|
0 / 10
Rank 28
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 28
Coal
Rank 25
Oil & Gas
Rank 23
|
0 / 10
Rank 25
|
0 / 10
Rank 23
|
0 / 10
Rank 26
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 26
Coal
Rank 26
Oil & Gas
Rank 22
|
0 / 10
Rank 26
|
0 / 10
Rank 22
|
|||
|
Everest Re |
|
0 / 10
Rank 28
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 28
Coal
Rank 25
Oil & Gas
Rank 23
|
0 / 10
Rank 25
|
0 / 10
Rank 23
|
0 / 10
Rank 26
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 26
Coal
Rank 26
Oil & Gas
Rank 22
|
0 / 10
Rank 26
|
0 / 10
Rank 22
|
|||
|
PICC |
|
0.0 / 10
Rank 28
Total
0.0 / 10
Coal
0.0 / 10
Oil & Gas
0.0 / 10
Total
Rank 28
Coal
Rank 25
Oil & Gas
Rank 23
|
0.0 / 10
Rank 25
|
0.0 / 10
Rank 23
|
0.0 / 10
Rank 26
Total
0.0 / 10
Coal
0.0 / 10
Oil & Gas
0.0 / 10
Total
Rank 26
Coal
Rank 26
Oil & Gas
Rank 22
|
0.0 / 10
Rank 26
|
0.0 / 10
Rank 22
|
|||
|
Sinosure |
|
0 / 10
Rank 28
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 28
Coal
Rank 25
Oil & Gas
Rank 23
|
0 / 10
Rank 25
|
0 / 10
Rank 23
|
0 / 10
Rank 26
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 26
Coal
Rank 26
Oil & Gas
Rank 22
|
0 / 10
Rank 26
|
0 / 10
Rank 22
|
|||
|
Starr |
|
0 / 10
Rank 28
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 28
Coal
Rank 25
Oil & Gas
Rank 23
|
0 / 10
Rank 25
|
0 / 10
Rank 23
|
0 / 10
Rank 26
Total
0 / 10
Coal
0 / 10
Oil & Gas
0 / 10
Total
Rank 26
Coal
Rank 26
Oil & Gas
Rank 22
|
0 / 10
Rank 26
|
0 / 10
Rank 22
|
|||
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