Benefits of integrating sustainability into insurance companies

Liviu Purcărea, Carmen Valentina Rădulescu and Andreea Maria Mănescu
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Liviu Purcărea: Bucharest University of Economic Studies, Bucharest, Romania
Carmen Valentina Rădulescu: Bucharest University of Economic Studies, Bucharest, Romania
Andreea Maria Mănescu: Bucharest University of Economic Studies, Bucharest, Romania

Journal of Financial Studies, 2024, vol. 9, issue 17, 129-142

Abstract: The integration of sustainability in insurance companies has become a priority of the boards and constitutes a strategy in increasing resilience, in terms of improving financial performance and developing innovation. In this article, we will synthesize various studies and perspectives regarding the integration of sustainability in insurance companies, emphasizing both the financial advantages, as well as the operational and reputational ones. In the scientific literature review part, we touched on the research methodologies that highlighted the global sustainability development frameworks. The results obtained suggest that adopting sustainability is essential for long-term success and relevance in a rapidly changing global landscape. Furthermore, the analysis reveals that nearly 50% of the published articles originate from the fields of business, engineering, economics, and social sciences, underscoring the interdisciplinary nature of sustainability research. Future research, as we have seen in studying the activity of BNP PARIBAS CARDIF, should focus on developing comprehensive frameworks for sustainability management in the insurance sector, addressing local and global challenges.

Keywords: Insurance; Sustainability; Development; Green; Responsible. (search for similar items in EconPapers)
JEL-codes: G22 Q1 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:fst:rfsisf:v:9:y:2024:i:17:p:129-142

DOI: 10.55654/JFS.2024.9.17.08

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