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Green Insurance and Sustainability Driving Risk Management for a Resilient Future
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Author(s): Vikas Garg (Symbiosis Institute of Business Management, Noida, India & Symbiosis International University, Pune, India)and Pooja Tiwari (Sharda School of Business Studies, Sharda University, Greater Noida, India)
Copyright: 2026
Pages: 36
Source title:
Harnessing Data Science for Sustainable Insurance
Source Author(s)/Editor(s): Gagan Kukreja (College of Business Administration, University of Bahrain, Bahrain), Ayben Koy (Fenerbahçe University, Turkey), Pooja Kansra (Mittal School of Business, Lovely Professional University, India), Diksha Verma (Chandigarh Business School of Administration, Landran Mohali, India)and S.L. Gupta (Birla Institute of Technology, India)
DOI: 10.4018/979-8-3373-1882-0.ch009
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Abstract
This chapter will discuss the phenomenon of green insurance, emerging trends and will examine the various stakeholders involved in fostering sustainable development via risk mitigation. Green insurance has become an essential tool for managing environmental risks and promoting sustainability efforts in the 21st century. The present study aims to explore the active participation of the insurance sector in promoting sustainability and resilience. This study mainly focuses on exploring the correlation between green insurance, SDGs, and focuses on the following: Climate Action (Goal 13) and Affordable and clean Energy (Goal 7). The study takes a multi-disciplinary perspective of sustainability studies, insurance economics and environmental science. The analysis incorporates a literature review of the academic research and industry reports, case studies of green insurance successes, expert interviews, and analysis of climate risk data and its financial implications.
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