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  4. Are Insurance Balance Sheets Carbon-Neutral? Harnessing Asset Pricing for Climate-Change Policy
 
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Are Insurance Balance Sheets Carbon-Neutral? Harnessing Asset Pricing for Climate-Change Policy

Journal
Geneva Papers on Risk and Insurance - Issues and Practice
ISSN
1018-5895
Type
journal article
Date Issued
2019-10
Author(s)
Braun, Alexander  
Utz, Sebastian  
Xu, Jiahua  
DOI
https://doi.org/10.1057/s41288-019-00142-w
Abstract (De)
Due to its enormous size and capital base, the insurance industry has the potential to play a key role in countering climate change. To this end, the major capital flows associated with its investment and underwriting businesses would need to be redirected towards carbon-neutral activities. Since insurance companies can be viewed as large portfolios consisting of financial risks (asset side) and underwriting risks (liability side), we suggest an asset pricing approach to detect carbon-intensive positions on their balance sheets. The framework should be accompanied by two simple policy changes to reinforce its effectiveness.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Palgrave Macmillan Ltd.
Volume
44
Number
4
Start page
549
End page
568
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/98155
Subject(s)

economics

business studies

finance

Division(s)

I.VW - Institute of I...

ior/cf - Institute fo...

Eprints ID
257012
File(s)
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Thumbnail Image

open.access

Name

WP - Braun et al. (2019) - Are_Insurance_Balance_Sheets_Carbon_Neutral.pdf

Size

556.42 KB

Format

Adobe PDF

Checksum (MD5)

148d0e878653a1b02fba676cccc53fc8

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