Download or read book Climate Change and the Insurance Industry in India written by Janardhana Anjanappa and published by Eliva Press. This book was released on 2023-06-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to assess the potential role of insurance in alleviating climate change risks in India. It does this by exploring the unique challenges and opportunities that the Indian insurance industry faces in integrating climate risk insurance into its risk management strategies. The study also examines the comprehensive research on the Indian insurance industry's response to climate change and try to combines insights from fields such as economics, finance, environmental science, and policy. The study finds that the Indian insurance industry is facing a number of challenges in addressing climate change risks. These include affordability and availability of coverage, the growing financial burden on insurance companies, limited historical data, uncertainty in risk assessment, long-term liabilities, and the potential for moral hazard. However, the study also finds that there are a number of opportunities for the insurance industry to address these challenges and contribute to climate change resilience. These include collaboration and knowledge sharing between insurers, policymakers, scientists, and other stakeholders, the development of innovative insurance and risk management products, education and awareness initiatives, and investments in renewable energy and low-carbon technologies. Overall, the study finds that the challenges posed by climate change in the insurance industry require proactive and collaborative approaches. By embracing these opportunities and developing innovative solutions, insurers can contribute to building resilience, reducing risks, and promoting a sustainable response to climate change.
Download or read book The Indian Insurance Industry and Climate Change written by TERI Project Team and published by The Energy and Resources Institute (TERI). This book was released on 2006-01-01 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Climate Change and Sustainability Standards on the Insurance Market written by Kiran Sood and published by John Wiley & Sons. This book was released on 2023-07-17 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impact of CLIMATE CHANGE and SUSTAINABILITY STANDARDS on the INSURANCE MARKET The book explores the role of the insurance industry in contributing and responding to the harms that climate change has brought. This book delves into the physical and logical impacts, both direct and indirect, on the insurance industry. Subjects discussed include new technology such as big data, artificial intelligence, machine learning, the growth of sustainable economics with foreign direct investments (FDIs), trustworthiness, and ethics. Related use cases of data science for claim processing, fraud detection and prevention, policy administration, pricing, and underwriting are discussed along with cyber security issues, data protection, and big data regulatory reforms. To promote ESG sustainability, the insurance industry plays a critical and significant role. Climate-related risks are being factored into underwriting and investing strategies. Through their own operations and business activities, insurers may promote the ESG agenda and move towards sustainability. Also discussed are promoting diversity and inclusion, lowering greenhouse gas (GHG) emissions, resolving gender inequality, and helping communities through charitable work, which all improve a company’s brand, reputation, and ESG credentials. Audience The book is specially designed for administrators, lecturers, researchers, students of insurance and sustainability, students in financial services, insurance practitioners, actuaries, loss adjusters, underwriters, regulators, facilities management, utility companies, voluntary organizations, government departments, business leaders, policymakers, decision-makers, investors, risk managers, compliance managers, and audit managers amongst many others.
Download or read book Climate Change and the Insurance Industry written by Research Reports International and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Life Insurance Industry in India Current State and Efficiency written by Tapas Kumar Parida and published by Palgrave MacMillan. This book was released on 2019-01-20 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces the development and analyses the performance of life insurance industry in India, since inception of this sector, using different business indicators over the years. It discusses the evolution and changing features of the Indian insurance industry in 3 phases: phase I from 1818 to 1956, phase II from 1956 to 2000 (known as the nationalisation period) and phase III post 2000 (called the post reform period). The book also measures the relative efficiency and productivity of the life insurance industry in India for the post-reform period, by employing Data Envelopment Analysis (DEA). Despite the fact that the life insurance sector recorded a compound annual growth rate (CAGR) of 17% in terms of total premiums and 21% in terms of new business premium collections during the post reform period, the insurers continue to grapple with the issue of profitability. Against this background, the book presents results on the factors determining profitability of the life insurance companies using measures of efficiency and competition. By helping regulatory authorities determine the future course of action in the context of entry of foreign insurers and also in establishing a level playing field, the book has important policy implications. Dr Tapas Kumar Parida is an Economist with more than 8 years of work experience in macroeconomic research and planning in banks and research organisations, with diversified academic achievement. Presently, he is working as an Economist at Economic Research Department of State Bank of India (SBI is the biggest commercial bank in India), Corporate Centre, Mumbai. Prior to joining SBI, he has worked with organisations like Indian Bank, Axis Bank Ltd., Planning Commission, New Delhi, Higher Education Department of Government of Odisha and Xavier Institute of Management Bhubaneswar (XIMB). He is a Certified Associate of Indian Institute of Banking and Finance (CAIIB) from Indian Institute of Banking and Finance (IIBF), Mumbai, India. He has been awarded a PhD in Economics from School of Economics, University of Hyderabad (India). He also holds a Master Degree in Finance and Control (MFC) (which is at par with MBA, Finance) from University of Delhi (India). He writes regularly for a number of magazines and blogs. His publications have appeared in The Global Banker Magazine, Journal of Business Management & Social Sciences Research, Insurance Regulatory and Development Authority India (IRDAI) Journal, the Insurance Institute of India Journal and the Bank Quest. Dr Debashis Acharya is currently a Professor in the School of Economics, University of Hyderabad, India. He has been teaching undergraduate and postgraduate courses for the past eighteen years. His areas of interest are: monetary economics, macroeconomics, and financial economics. Prior to joining University of Hyderabad he was with the Department of Humanities and Social Sciences, Indian Institute of Technology Madras, Chennai, and Department of Economics, Punjab University, Chandigarh. He has published in the areas of macro-monetary economics and financial economics in national and international refereed journals like International Journal of Emerging Markets, Economic and Political Weekly, Journal of Economic Studies, European Journal of Operational Research, International Research Journal of Finance and Economics, Banks and Bank Systems, South Asia Economic Journal, Global Journal of Emerging Market Economies and Artha Vijanana.
Download or read book Climate Change and the Insurance Industry written by Joel N. Gordes and published by . This book was released on 1996 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Implications of Climate Change for the Insurance Industry written by David Crichton and published by . This book was released on 2001 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Insurance Climate Change and the Law written by Franziska Arnold-Dwyer and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The insurance industry has found itself at the front line of climate change challenges, providing insurance cover in relation to risks associated with climate change. As risk carriers, insurers pay claims for climate change related losses - such as property damage caused by windstorms, flooding, and wildfires - which have been increasing in frequency and severity. As major institutional investors, insurance companies invest in assets that may be increasingly vulnerable to climate risks. Insurance regulators across the globe have therefore started to require insurance companies to identify, manage and report on climate change risks that could pose a threat to their financial stability. However, managing and reporting on the effect of climate risk on an insurer's balance sheet is an inward-looking perspective that does not stem climate change. It needs to be paired with an outward-looking perspective that takes account of the insurance industry's impact on the environment, and the insurance industry's capacity to influence what policyholders, investee enterprises and other business partners do to address climate change challenges. For the insurance industry, the key components of positive outward impact are "impact underwriting" and "impact investment". This book sets out the current legal and regulatory landscape for impact underwriting and impact investment. Whilst the focus of research and regulatory interventions to date has been on inward impact, in this book it will be argued that, to take positive climate action that supports the Paris Agreement goals and the national and international Net Zero targets, the debate should now move on to considering the positive outward impact the insurance industry can make, and how we can create a legal environment to facilitate this. The book puts forward the case for a new vision of the role of the insurance industry as climate action enablers and makes proposals for insurance products and risk transfer and loss resilience structures that can support policyholders in their transition to a Net Zero economy. The audience for this book will include legal practitioners, insurance industry professionals, financial and insurance regulators, policymakers and interested academics"--
Download or read book U S Insurance Industry Perspectives on Global Climate Change written by Evan Mills and published by . This book was released on 2001 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Insurance Industry and Climate Change written by International Association for the Study of Insurance Economics and published by . This book was released on 2009 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Joint Public Hearing the Insurance Industry Response to Global Climate Change written by New York (State). Legislature. Assembly. Standing Committee on Insurance and published by . This book was released on 2003 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and the Insurance Industry written by Center for Science and Public Policy and published by . This book was released on 2005 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and the Insurance Industry written by Maryam Golnaraghi and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Indian Insurance Sector Deregulation and the Global Financial Crisis written by Joy Chakraborty and published by LAP Lambert Academic Publishing. This book was released on 2020-04-10 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the deregulation of the Indian insurance sector in 1999, the market-share of the country's sole largest public-sector player Life Insurance Corporation of India has drastically gone down with the entry of private players. The abrupt rise in the presence of private players has eventually raised concerns about the performances of the life insurance players in safeguarding the interests of the policyholders. Further, the global financial crisis of 2007-08 had its contagion effects in the Indian insurance industry, the ripples of which were even felt in the performances of the Indian life insurers. The study thus makes an attempt to evaluate the operational efficiencies, productivity and financial health of the life insurance companies in India, covering the period from 2008-09 to 2014-15 against the backdrop of the global financial crisis and the insurance sector deregulation in India. The study has also hinted at the monopolistic-competition type of market structure prevailing in the country's life insurance sector. The study further gave indications about the commendable turnaround manifested by the life insurers from the spill-over effects of the financial crisis post 2010.
Download or read book Insurance in India written by P S Palande and published by SAGE. This book was released on 2003 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the reforms in the banking sector and the stock markets in India, the end of 1999 also saw the opening up of the insurance industry in India. In this timely book, the authors trace the origin of the insurance industry, the factors that led to its nationalization and the formation and working of the general and life insurance corporations. The book then presents an account of the developments in past and recent years, analyzes the transformation that has taken place after reforms, thus providing a comprehensive overview of the industry. It also takes a look at the new players that have entered the market, and offers suggestions about the future of the industry in terms of its: · potential and possible growth; · the products and services offered · the evolving market strategies in the context of the highly competitive environment. Concisely written and highly absorbing, this book will be of enormous interest and use to insurance agents, students of general management and insurance, academicians and business professionals in insurance and financial services.
Download or read book Reflections on the Future written by Angus Ross and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and Insurance written by Eugene N. Gurenko and published by Routledge. This book was released on 2007 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.
