Tower Ltd. 2023 AR2
The report details Tower Limited's performance for the fiscal year ending September 30, 2023, highlighting its resilience despite unprecedented weather events in New Zealand and the Pacific. The company achieved a 17% growth in underlying gross written premium to $527 million and expanded its customer base to 321,000. Notably, Tower reduced its operational greenhouse gas emissions by 23% compared to FY22, keeping it on track to meet its five-year reduction target. The company also expanded its risk-based pricing model to include landslide and coastal risks and launched a parametric Cyclone Response Cover pilot in Tonga.
Company: Tower Ltd.
Sector: Finance & insurance
Country: New Zealand
Year: 2023
Type: AR2
Pages: 136
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Tower Ltd.
Annual Report
The report details Tower Limited's performance for the fiscal year ending September 30, 2023, highlighting its resilience despite unprecedented weather events in New Zealand and the Pacific. The company achieved a 17% growth in underlying gross written premium to $527 million and expanded its customer base to 321,000. Notably, Tower reduced its operational greenhouse gas emissions by 23% compared to FY22, keeping it on track to meet its five-year reduction target. The company also expanded its risk-based pricing model to include landslide and coastal risks and launched a parametric Cyclone Response Cover pilot in Tonga.
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Document Details
Report Year
2023
Reporting Period
Oct 1, 2022 - Sep 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Workplace Fatalities
Employees