LMA and IUA Launch Sustainability Data Standard Resource for Insurers

The Lloyd's Market Association (LMA) and the International Underwriting Association (IUA) have published a new resource to standardise the way in which underwriters ask clients about their sustainability data.

The Sustainability Data Standard is a set of 22 questions designed to introduce a standard form for insureds to complete when disclosing any sustainability data as part of the underwriting process.

In doing so, the IUA and LMA are looking to simplify the insured’s process by developing a set of sustainability points and standardising the form in which insurers request this data. The hope is that this will streamline the often lengthy task for insureds of providing sustainability data to their insurers.

Please note that the Sustainability Data Standard is only available under the "Resources hub" on the LMA Sustainability page and on the IUA website.

Paul Davenport
Finance & Risk Director
paul.davenport@lmalloyds.com