The Insurance Industry Must Champion Sustainability

Shea, MI; Hutchin, JW

The Insurance Industry Must Champion Sustainability

Shea, MI Hutchin, JW

Permalink

Publisher:: John Wiley & Sons, Inc.
Publication Type:: Journal Article
Citation:: Thunderbird International Business Review, 2013, 55 (6), pp. 659 - 672
Issue Date:: 2013-01

Closed Access

	Filename	Description	Size
	2013004275OK.pdf		603.15 kB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Shea, MI	en_US
dc.contributor.author	Hutchin, JW	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	Thunderbird International Business Review, 2013, 55 (6), pp. 659 - 672	en_US
dc.identifier.issn	1520-6874	en_US
dc.identifier.uri	http://hdl.handle.net/10453/28631
dc.description.abstract	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 infl uence underwriting activities, but the continued resilience of the industry to these issues requires a systematic integration of various stakeholders perspectives.	en_US
dc.publisher	John Wiley & Sons, Inc.	en_US
dc.relation.ispartof	Thunderbird International Business Review	en_US
dc.relation.isbasedon	10.1002/tie.21582	en_US
dc.subject.classification	Business & Management	en_US
dc.title	The Insurance Industry Must Champion Sustainability	en_US
dc.type	Journal Article
utslib.citation.volume	6	en_US
utslib.citation.volume	55	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	6	en_US
pubs.volume	55	en_US

Abstract:

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 infl uence underwriting activities, but the continued resilience of the industry to these issues requires a systematic integration of various stakeholders perspectives.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/28631