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- Title
A Systematic Review of ESG in the Insurance Industry: Navigating the Path to Sustainability.
- Authors
Sood, Kiran; Özen, Ercan
- Abstract
This paper aims to find out the benefits of ESG in the insurance sector for achieving sustainability. The authors conduct a systematic literature review (SLR) to find and evaluate the ESG in the insurance industry using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) method. Integrating ESG and sustainable insurance is a potential new revenue stream for the insurance sector. All business operations of insurers and pension funds will be impacted by ESG factors and sustainable insurance, with investment activity, risk management, product management, and the valuation of assets and liabilities having the most effects. It has been noted from the body of literature that very few researches using the PRISMA and SLR approaches have been carried out in this area. The authors also conducted a comprehensive study that focuses on three separate topics: ESG and sustainability, ESG impact in the insurance industry, and ESG and insurance.
- Subjects
ENVIRONMENTAL, social, &; governance factors; INSURANCE companies; PENSION trusts; PRODUCT management; SUSTAINABILITY
- Publication
International Journal of Sustainable Development & Planning, 2024, Vol 19, Issue 3, p807
- ISSN
1743-7601
- Publication type
Article
- DOI
10.18280/ijsdp.190301