"It is up to insurers to decide to apply the standards, based on the PCAF standards, in the 2026 annual report. Or earlier in the annual report for 2025," says a delighted program manager Minkenberg after the approval of the Association Board. According to Minkenberg, the collaboration within the two working groups shows that the sector is able to convert complex regulations into practical solutions. "As a result, insurers are better able to understand their carbon footprint. And that helps to achieve climate goals."
Getting started with new standards
Additionally, Minkenberg has been given permission to work on two new ESG sector standards for residential, private and freight vehicles. "This means that in the course of next year we will also have a shared methodology for calculating and reporting on the CO2 emissions for these insurances, in accordance with European ESG standards. And with high data quality."
Turning complex regulations into practical solutions
The Association will soon publish the standards on the website in the form of a Wiki web page, built on the basis of a data schema (the blueprint or description of how data is structured, structured and interrelated). The Dutch definitions to be used on the basis of the Insurance Reporting Standards (NL-IRSE) will be included in a booklet and published on www.verzekeraars.nl.
Participants wanted!
For the new ESG standards to be developed, Minkenberg is looking for specialists from insurers who want to be part of a residential private sector team and a freight vehicle sector team.
Will you join us? For more information, please contact Martijn Minkenberg.
Sector-wide approach
The initiative for joint standards arose from the desire to prevent each insurer from individually implementing the reporting obligations under the European CSRD legislation. "After all, it is difficult to explain that exactly the same car emits more with one car insurer than with another, simply because they use different calculation methods or source data," explains Minkenberg. "By developing one ESG standard together, you not only work (cost) efficiently, but you also increase transparency and explainability to the regulator."