The impact of climate change and sustainability standards on the insurance market / / edited by Kiran Sood [and four others]

• Pubblicazione: Hoboken, NJ : , : John Wiley & Sons, Inc., , [2023]; ©2023
• Descrizione fisica: 1 online resource (486 pages)
• Disciplina: 368.122
• Soggetto topico: Climate change insurance
• Soggetto non controllato: Financial Risk Management; Business & Economics
• Persona (resp. second.): SūdaKiraṇa
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover -- Title Page -- Copyright Page -- Contents -- Foreword -- Preface -- Part I: The Impact of Digitalisation and Lines of Insurance on Sustainable Development -- Chapter 1 Sustainability Through Digital Insurance -- 1.1 Introduction -- 1.2 Theoretical Background -- 1.2.1 Origin and Concept of Digital Insurance -- 1.2.2 The Internet of Things -- 1.2.3 Digital Ecosystem for Insurers -- 1.2.4 Digital Disruption in the Insurance Industry -- 1.3 Sustainability and Digital Insurance -- 1.3.1 Principles for Sustainable Insurance -- 1.4 Digital Insurance and Sustainable Goals -- 1.5 Findings -- 1.6 Conclusion -- 1.7 Implications -- References -- Chapter 2 Motor Vehicle Insurance Industry in India: A Review -- 2.1 Introduction -- 2.1.1 Why Do We Need Motor Vehicle Insurance? -- 2.1.2 Need and Significance of the Study -- 2.2 The Rationale for the Study of VMI in India -- 2.2.1 Importance of Insurance in Our Daily Life -- 2.2.2 VMI Industry and Effect of Pandemic (COVID-19) -- 2.2.3 Motor Vehicle Insurance in India -- 2.2.4 New Insurance Policy Rule in India -- 2.3 Literature Review -- 2.4 Objective -- 2.5 Methodology -- 2.6 Discussion -- 2.6.1 Motor Insurance Sales in India -- 2.7 Findings -- 2.7.1 MVA Act 2019 -- 2.7.2 Benefits of VMI -- 2.8 Result -- 2.9 Conclusion -- References -- Chapter 3 Demystifying the Prospects for Insurance Companies to Finance the Energy Metamorphosis: A Study on Indian Insurance and Sustainable Development -- 3.1 Introduction -- 3.2 Present Status of India in Energy Transition -- 3.3 The Prospects for Insurance Enterprises to Finance the Energy Metamorphosis -- 3.4 The Reasons Why India's Renewable Energy Investments are Anticipated to Expand -- 3.5 Harnessing Insurance for Sustainable Development -- 3.6 Conclusion -- References. ; Chapter 4 Artificial Intelligence in the Health Insurance Sector: Sustainable or Unsustainable from the Lens of Ethical-Legal and Socio-Economic Standards -- 4.1 Introduction -- 4.2 Conceptualizing Sustainable Health Insurance -- 4.3 Integration of Artificial Intelligence in Health Insurance: A Background -- 4.4 Integration of AI in Health Insurance: A Bird's Eye View from Ethical Implications Perspective -- 4.4.1 Issue of Transparency -- 4.4.2 Issue of Accountability -- 4.4.3 Issue of Algorithmic Bias -- 4.4.4 Issue of Informed Consent -- 4.4.5 Issue of Safety and the Use of AI in the Insurance Sector -- 4.4.6 Issue of Trust Deficit Between the Insurance Providers and the Insured -- 4.4.7 The Issue of Explainability -- 4.5 Integration of AI in Health Insurance: Evaluation of Socio-Economic Repercussions -- 4.5.1 Economic Growth vis-à-vis Sustainability: Does Implementation of AI in Health Insurance Pose Unsustainability? -- 4.5.2 AI in Health Insurance: Issue of Equitability -- 4.6 Integration of AI in Health Insurance: Requirement of Ideal Model Legal Standards for India -- 4.7 Recommendations -- 4.8 Concluding Remarks -- References -- Chapter 5 Medical Crowdfunding: From the Lens of Health Insurance -- 5.1 Introduction -- 5.2 Crowdfunding in Healthcare: Medical Crowdfunding -- 5.3 Medical Crowdfunding: Compliment to Health Insurance -- 5.4 Medical Crowdfunding: Concerns and Consequences -- 5.5 Concluding Remarks -- References -- Chapter 6 Digital Transformation of the Insurance Industry - A Case of the Indian Insurance Sector -- 6.1 Introduction -- 6.2 Literature Review -- 6.3 Conclusion -- References -- Part II: The Impact of Climate Change on Insurance Markets -- Chapter 7 Climate Resilient Agriculture: Binding Agriculture Innovations and Insurance -- 7.1 Introduction -- 7.2 Agricultural Innovation and Trends. ; 7.3 Agricultural Innovation for Agricultural Productivity -- 7.4 Agricultural Insurance and Trends -- 7.5 Agricultural Insurance and Poverty Eradication -- 7.6 Innovations within Agricultural Insurance -- 7.7 Challenges and Difficulties Associated with Agricultural Innovation -- 7.8 Barriers to Agricultural Insurance Adoption -- 7.9 Future Projection of Agricultural Innovation and Insurance -- 7.10 Conclusion -- References -- Chapter 8 Climate Change Resilience Support in the Insurance Sector -- 8.1 Introduction -- 8.2 Catastrophe Insurance and Climate Change -- 8.3 Carney Defines Climate Risks -- 8.4 Heading Towards Reducing Carbon Footprints -- 8.5 Climate Change Adaptation and Mitigation: Paradigm Shift -- 8.6 Building Resilience -- 8.7 Critical Infrastructure Decarbonation and Climate Resilience Emphasis -- 8.8 Combating Challenges -- 8.9 Role of Stakeholders -- 8.10 Role of Government -- 8.11 Recommendations at Company Level -- 8.12 Recommendations at Industry Level -- 8.13 Mitigating Losses with Technology -- 8.13.1 Satellite Imagery -- 8.13.2 Location-Risk Intelligence -- 8.13.3 Adjusting Claim with AR/VR -- 8.13.4 Biometrics -- 8.14 Conclusion -- References -- Chapter 9 Sustainable Climate Change and its Impact on the Insurance Sector -- 9.1 Introduction -- 9.2 Science and Politics of Climate Change -- 9.3 The Implications of Climate Change for the Insurance Sector -- 9.4 The Insurance Sector's Present Attitudes Towards Climate Change -- 9.5 Motivations for Thinking Differently About Climate Change -- 9.5.1 Lack of Ideal Information -- 9.5.2 Lack of Long-Term Business Planning -- 9.5.3 Social Pressure from Peers -- 9.5.4 Aspects of the Institutional Structure -- 9.6 Avoiding Risks from Natural Disasters -- 9.7 The Insurance Industry's Approach to Environmental Policy -- 9.8 Variation on a Global Scale. ; 9.9 The Role of Government in Preventing Natural Disasters -- 9.10 Natural Disaster Cooperation Framework -- 9.11 Added Prospects for Insurers -- 9.11.1 Unparalleled Understanding of Potential Dangers -- 9.11.2 New Insurance Markets -- 9.11.3 Diversification -- 9.12 Concluding Remarks -- References -- Chapter 10 A Study Regarding the Effectiveness of Environmental Education on Climate Change -- 10.1 Introduction -- 10.2 Literature Review -- 10.3 Theoretical Concerns -- 10.4 Research Objectives -- 10.4.1 Data Analysis -- 10.5 Inference -- 10.6 Conclusion -- References -- Chapter 11 Contribution of the Insurance Sector in Sustaining the Climate: An Analytical Study -- 11.1 Introduction -- 11.2 Sustainable Insurance -- 11.3 Principles for Sustainable Insurance -- 11.4 Role of Insurance Sector in Climate Change -- 11.5 Sustainability Highlights and Initiatives Taken for Climate by SBI Life -- 11.6 Energy Conservation Initiatives -- 11.7 Reduction of Carbon Footprints Plays a Vital Role in Sustaining the Climate -- 11.8 Enhancing Sustainability Through Insurance -- 11.9 Conclusion -- References -- Chapter 12 Impact of Climate Change on Agriculture -- Abbreviations -- 12.1 Introduction -- 12.2 Agricultural Insurance - Risk Management -- 12.3 Various Agriculture Insurance Programs -- 12.3.1 Pradhan Mantri Fasal Bima Yojana -- 12.3.2 Weather-Based Crop Insurance Plan -- 12.3.3 Coconut Palm Insurance Scheme (CPIS) -- 12.3.4 Unified Package Insurance Scheme (UPIS) -- 12.4 Crop Insurance -- 12.5 Impact of Climate Change on Agriculture -- 12.6 NICRA Assisted Farmers to Cope with Climate Variation -- 12.7 Conclusion -- References -- Chapter 13 Climate Change: Not Only a Projection for Emerging Risks But a Reality for the Insurance Sector -- 13.1 Introduction -- 13.2 Impact of Climate Change on Global Insurance Industry. ; 13.3 International Practice of Insurance Mechanism in Combating the Risk of Climate Change -- 13.4 Conclusion -- References -- Chapter 14 A Systematic Review of ESG Investing and Climate Change as a Sustainable Practice in the Insurance Industry -- 14.1 Introduction -- 14.2 Review of Literature -- 14.3 Research Methodology -- 14.4 Data and Network Analysis -- 14.4.1 Year-Wise Publication Details -- 14.4.2 Top 10 Journals -- 14.4.3 Network Association of Co-Authorship with Countries -- 14.4.4 Network Association of Co-Authorship with Authors -- 14.4.5 Co-Occurrence of All Keywords -- 14.4.6 Co-Occurrence of Index Keywords -- 14.4.7 Citation Analysis - Citation of Source -- 14.4.8 Author Analysis - Citation with Authors -- 14.4.9 Bibliographic Coupling of Documents -- 14.4.10 Bibliographic Coupling of Countries -- 14.5 Conclusion -- References -- Chapter 15 SLR on Aspects of Climatic Change in the Agriculture Industry in the Context of Weather Index Insurance: Visualization Through Network Diagrams -- 15.1 Introduction -- 15.2 Review of Literature -- 15.3 Research Methodology -- 15.4 Data and Network Analysis -- 15.4.1 Publications by Year -- 15.4.2 Publications by Document Type -- 15.4.3 Influential Journals -- 15.4.3.1 Top 10 Journals Based on Count -- 15.4.3.2 Alluvial Diagram Showing the Top 10 Journals Along with their Country of Origin and Impact Factor -- 15.4.4 Alluvial Visualization of Top 10 Authors Based on Citations -- 15.4.5 Alluvial Representation of Rank Score of Publications by Top 10 Authors -- 15.4.6 Network Analysis of Co-Occurrence of All Keywords -- 15.4.7 Network Analysis of Co-Citation of Cited Sources -- 15.4.8 Co-Citation with Cited Authors -- 15.5 Conclusion -- References -- Chapter 16 Impact of Climate-Disruptive Industries on the Global Insurance and Risk Management Scenario -- 16.1 Introduction. ; 16.1.1 Genetic and Extractive Sector.
• Sommario/riassunto: The Impact of CLIMATE CHANGE and SUSTAINABILITY STANDARDS on the INSURANCE MARKETThe 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.AudienceThe 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.
• Titolo autorizzato: The impact of climate change and sustainability standards on the insurance market
• ISBN: 1-394-16794-6; 1-394-16793-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910735562803321
• Lo trovi qui: Univ. Federico II