Can Sustainability be a Source of Competitive Advantage in the Insurance Industry?

Shea, M; Hutchin, JW

Can Sustainability be a Source of Competitive Advantage in the Insurance Industry?

Shea, M Hutchin, JW

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Publisher:: Indiana University of Pennsylvania
Publication Type:: Journal Article
Citation:: Competition Forum, 2013, 11 (1), pp. 142 - 148
Issue Date:: 2013-05-01

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Field	Value	Language
dc.contributor.author	Shea, M	en_US
dc.contributor.author	Hutchin, JW	en_US
dc.date.issued	2013-05-01	en_US
dc.identifier.citation	Competition Forum, 2013, 11 (1), pp. 142 - 148	en_US
dc.identifier.issn	1545-2581	en_US
dc.identifier.uri	http://hdl.handle.net/10453/117741
dc.description.abstract	We wish to determine if insurers can acquire a competitive advantage if they integrate insureds' sustainability performance into their underwriting models. Such a finding has profound implications for the insurance industry and the greater social and economic activity it drives. Our statistical analysis of 437 insureds across 136 industries over six years indicates sustainability performance does reduce the amount of unpredictable change in U.S. workers' compensation experience modifiers. Although the size of the effect is relatively small, it is larger and more statistically significant than other established determinants of the insureds' risk.	en_US
dc.publisher	Indiana University of Pennsylvania	en_US
dc.relation.ispartof	Competition Forum	en_US
dc.title	Can Sustainability be a Source of Competitive Advantage in the Insurance Industry?	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	11	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.issue	1	en_US
pubs.publication-status	Published	en_US
pubs.volume	11	en_US

Abstract:

We wish to determine if insurers can acquire a competitive advantage if they integrate insureds' sustainability performance into their underwriting models. Such a finding has profound implications for the insurance industry and the greater social and economic activity it drives. Our statistical analysis of 437 insureds across 136 industries over six years indicates sustainability performance does reduce the amount of unpredictable change in U.S. workers' compensation experience modifiers. Although the size of the effect is relatively small, it is larger and more statistically significant than other established determinants of the insureds' risk.

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http://hdl.handle.net/10453/117741