Solvency and Sustainability: Evidence from the Insurance Industry

Rita D’Ecclesia, Alessandro D’Orazio (), Susanna Levantesi and Kevyn Stefanelli
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Rita D’Ecclesia: Sapienza University of Rome
Alessandro D’Orazio: Sapienza University of Rome
Susanna Levantesi: Sapienza University of Rome
Kevyn Stefanelli: Sapienza University of Rome

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2024, pp 106-111 from Springer

Abstract: Abstract Conducting a financially sustainable business may collide with the constraints imposed by the necessity of the alignment with the Sustainable Development Goals. On the one hand, regulators demand companies to satisfy solvency requirements to operate in the insurance activity. On the other hand, the global transition to a more sustainable economy pushes companies to operate a severe business transformation. We investigate the relationship between the Solvency Ratio and Environmental, Social, and Governance score (ESG) score using an individual fixed effect regression model, including insurance-specific control variables. Our results indicate that an insurance company’s ESG commitment increases its solvency level.

Keywords: Solvency; Environmental; social and governance; Insurance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-64273-9_18

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DOI: 10.1007/978-3-031-64273-9_18

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