Sustainability risks & opportunities in the insurance industry
Gatzert N, Reichel P, Zitzmann A (2020)
Publication Type: Journal article
Publication year: 2020
Journal
DOI: 10.1007/s12297-020-00482-w
Abstract
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.
Authors with CRIS profile
Nadine Gatzert
Fachbereich Wirtschaftswissenschaften
Philipp Reichel
Lehrstuhl für Versicherungswirtschaft und Risikomanagement
Involved external institutions
Germany (DE)How to cite
APA:
Gatzert, N., Reichel, P., & Zitzmann, A. (2020). Sustainability risks & opportunities in the insurance industry. Zeitschrift für die gesamte Versicherungswissenschaft. https://dx.doi.org/10.1007/s12297-020-00482-w
MLA:
Gatzert, Nadine, Philipp Reichel, and Armin Zitzmann. "Sustainability risks & opportunities in the insurance industry." Zeitschrift für die gesamte Versicherungswissenschaft (2020).
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