Sustainable risk financing and insurance in developing markets

Joshua Yindenaba Abor, Margaret Asare, Susana Yamoah, Gideon Ataraire and Abdul Latif Alhassan

Chapter 13 in Sustainable and Responsible Investment in Developing Markets, 2023, pp 204-219 from Edward Elgar Publishing

Abstract: Insurance companies often face sustainability and financial risk exposures, and these two risk factors have become issues of concern within the insurance ecosystem. Sustainability-related risk factors, including climate change, environmental degradation, social inequality, policy, and technological shifts have direct and indirect financial risks for insurance companies. The emerging risks from these factors have impacted insurance investments. It is therefore imperative for insurance companies to attain sustainability by incorporating environmental, social and governance (ESG) issues into their underwriting, investment, risk management, and capital adequacy decisions. This chapter examines climate change and the insurance industry, the linkage between sustainability and financial risk as well as sustainability and the insurance industry, emphasising on underwriting related and investment related issues. The chapter also discusses the principles of sustainable insurance, and the role of investment of insurance funds in a sustainability era.

Keywords: Business and Management; Development Studies; Economics and Finance; Environment; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781803927060/9781803927060.00022.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21754_13

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().