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The Insurance Industry Must Champion Sustainability

机译:保险业必须倡导可持续发展

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摘要

The insurance industry is a driver of social and economic activity and, as such, has the mechanisms and incentives in place to facilitate sustainable business activity on a macro level. However, through a global survey of the insurance industry, we learn factions of the insurance industry possess a cognitive model that makes the industry vulnerable to the emerging risks derived from the environmental, social, and governance (ESG) factors of sustainability. These factions are willing to rely on extant policies and underwriting practices to manage sustainability issues that are inherently different in their frequency, controllability, and severity. Alternatively, senior members of the industry report that ESG issues do influence underwriting activities, but the continued resilience of the industry to these issues requires a systematic integration of various stakeholders' perspectives.
机译:保险业是社会和经济活动的驱动力,因此具有在宏观层面促进可持续商业活动的机制和激励措施。但是,通过对保险业的全球调查,我们了解到保险业的派系拥有认知模型,该模型使保险业容易受到来自可持续性的环境,社会和治理(ESG)因素的新兴风险的影响。这些派系愿意依靠现有的政策和承保惯例来管理在频率,可控性和严重性方面固有不同的可持续性问题。另外,该行业的高级成员报告说,ESG问题确实会影响承销活动,但是该行业对这些问题的持续复原力要求系统地整合各种利益相关者的观点。

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  • 来源
    《Thunderbird International Business Review》 |2013年第6期|659-672|共14页
  • 作者单位

    West Chester University of Pennsylvania, Visiting Research Scholar, Temple University, Anderson Hall 333a, West Chester, PA 19383;

    University of Technology Sydney ("UTS"), and the Fox School of Business, Temple University. Additionally;

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