London-based managing general agent (MGA) Aspect has started the process of becoming a B Corp-certified MGA in the London market, as part of a broader push to integrate environmental, social and governance (ESG) principles into its business model.
Founded in 2022, Aspect focuses on underwriting for mid-market businesses in sectors such as recycling, renewables and other sustainability-linked industries. The company operates with delegated authority from rated capacity providers and distributes products through a network of selected broker partners.
The company has already reached the 80-point threshold required for pending certification and is aiming to achieve full B Corp status by the end of 2025. The initiative is being led by deputy CEO and head of impact Klaudia Sosnowska.
B Corp certification is awarded by B Lab, a non-profit organisation that assesses companies on their social and environmental performance, governance, transparency and accountability. To qualify, companies must meet standards across five key areas – workers, customers, community, environment and governance. The certification must be renewed every three years and companies are expected to show ongoing progress.
According to Sosnowska, the certification process aligns with the company’s founding purpose of serving businesses that contribute to a lower-carbon economy and are often underserved by the insurance market.
The B Corp initiative follows a series of ESG-related developments by Aspect, including new partnerships with the Insurance Industry Charitable Foundation (IICF) and the Living Wage Foundation.
The IICF said the partnership reflects growing recognition within the insurance sector of its role in supporting social outcomes. The Living Wage Foundation added that engagement with wage standards supports more resilient ESG strategies across industries.
Aspect said it sees the B Corp framework as a means to formalise its impact commitments and challenge market peers to consider alternative approaches to accountability and sustainability. B Corp status remains rare in the insurance sector, particularly among MGAs in the London Market.
