Strategy and resource allocation
- Value creation
Key observations:
In line with the Content Element “Strategy and Resource Allocation” (International <IR> Framework, section 4E) the report identifies and concisely describes the key roles that insurance companies can fulfil within society (analyzing risks, insuring people, insuring business and pooling premiums and resources, p. 44). These are then linked by means of a diagram to the three key dimensions (economic, social and financial) of the organization’s sustainable strategy and the related activities and resulting beneficial impacts (p. 45). The reporting on sustainable value creation through an additional diagram (pp.46-47) provides further details on the inputs needed, and results and impacts achieved, in terms of the capitals (International <IR> Framework, paras. 4.14 and 4.19).