Sustainability risks & opportunities in the insurance industry

Autor:	Armin Zitzmann, Philipp Reichel, Nadine Gatzert
Rok vydání:	2020
Předmět:	Economics and Econometrics 050208 finance Public economics Transparency (market) 05 social sciences Liability Commercial law Sustainable management Accounting 0502 economics and business Sustainability European market Business Insurance industry 050203 business & management Finance
Zdroj:	Zeitschrift für die gesamte Versicherungswissenschaft. 109:311-331
ISSN:	1865-9748 0044-2585
Popis:	The aim of this paper is to provide an overview of relevant sustainability risks and opportunities in the insurance industry, where we address the asset side, the liability side, and a broader corporate perspective. Furthermore, we discuss approaches on how insurers can deal with these sustainability risks and opportunities, and provide selected empirical insight from the literature and (industry) surveys on current practices mostly for the European market. Our study emphasizes that while climate change represents an important factor in this context, it is by far not the only one. Insurers should thus take a broader approach on managing sustainability risks and opportunities. Furthermore, key barriers include a lack of data and knowledge, which impede transparency between firms with respect to their sustainable management approach.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7a40e803cacb02aa0300fbfb50c000d2 https://doi.org/10.1007/s12297-020-00482-w Zobrazit plný text záznamu Full text from SpringerLink