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https://doi.org/10.21256/zhaw-25172| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | Green insurance : a roadmap for executive management |
| Authors: | Stricker, Lukas Pugnetti, Carlo Wagner, Joël Zeier Röschmann, Angela |
| et. al: | No |
| DOI: | 10.3390/jrfm15050221 10.21256/zhaw-25172 |
| Published in: | Journal of Risk and Financial Management |
| Volume(Issue): | 15 |
| Issue: | 5 |
| Issue Date: | 2022 |
| Publisher / Ed. Institution: | MDPI |
| ISSN: | 1911-8074 1911-8066 |
| Language: | English |
| Subjects: | Sustainability; Value chain; Green insurance; Insurance management |
| Subject (DDC): | 332.38: Insurances |
| Abstract: | Although the insurance sector is not closely associated with any of the sustainability dimensions, expectations may change rapidly. Against this background, we analyze the role of insurers, especially in the property and casualty areas, in addressing the environmental and climate risk challenges and developing a truly sustainable, environmentally friendly business model—green insurance. Building on the Principles of Sustainable Insurance set by the United Nations, we develop a comprehensive roadmap along the insurance value chain for executive management to design their company’s sustainability efforts, with special focus on property and casualty. The roadmap indicates actions to be taken as well as metrics to be managed in product development, marketing and sales, risk management and underwriting and operations and claims management towards green insurance. The existing products, risk appetite and operational processes must be reviewed to support sustainability goals and include the full portfolio of activities, including claims. The time to act is now, the sustainability journey is complex and the proposed business model transformation should provide benefits for early movers. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/25172 |
| Fulltext version: | Published version |
| License (according to publishing contract): | CC BY 4.0: Attribution 4.0 International |
| Departement: | School of Management and Law |
| Organisational Unit: | Institute for Risk & Insurance (IRI) |
| Appears in collections: | Publikationen School of Management and Law |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 2022_Stricker-Pugnetti-Roeschmann_GreenInsuranceRoadmapforExecutiveManagement.pdf | 475.45 kB | Adobe PDF |  View/Open |
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Stricker, L., Pugnetti, C., Wagner, J., & Zeier Röschmann, A. (2022). Green insurance : a roadmap for executive management. Journal of Risk and Financial Management, 15(5). https://doi.org/10.3390/jrfm15050221
Stricker, L. et al. (2022) ‘Green insurance : a roadmap for executive management’, Journal of Risk and Financial Management, 15(5). Available at: https://doi.org/10.3390/jrfm15050221.
L. Stricker, C. Pugnetti, J. Wagner, and A. Zeier Röschmann, “Green insurance : a roadmap for executive management,” Journal of Risk and Financial Management, vol. 15, no. 5, 2022, doi: 10.3390/jrfm15050221.
STRICKER, Lukas, Carlo PUGNETTI, Joël WAGNER und Angela ZEIER RÖSCHMANN, 2022. Green insurance : a roadmap for executive management. Journal of Risk and Financial Management. 2022. Bd. 15, Nr. 5. DOI 10.3390/jrfm15050221
Stricker, Lukas, Carlo Pugnetti, Joël Wagner, and Angela Zeier Röschmann. 2022. “Green Insurance : A Roadmap for Executive Management.” Journal of Risk and Financial Management 15 (5). https://doi.org/10.3390/jrfm15050221.
Stricker, Lukas, et al. “Green Insurance : A Roadmap for Executive Management.” Journal of Risk and Financial Management, vol. 15, no. 5, 2022, https://doi.org/10.3390/jrfm15050221.
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