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Green Insurance: A Catalyst for Sustainable Development
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Author(s): Shyam Sunder Agrawal (Lovely Professional University, India), Balamurugan Balusamy (Shiv Nadar University, India)and Gopal Rathinam (University of Buraimi, AI Buraimi, Oman)
Copyright: 2026
Pages: 34
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.ch008
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Abstract
This chapter explores the role of green insurance in sustainable development goals – SDG1, SDG3, and SDG11 for which a conceptual framework was developed. The purpose of this chapter is to explore the challenges and opportunities in the green insurance market, the chapter has identified a gap through a literature review regarding geographical disparity, market penetration, sustainability impact, the role of climate change, etc. A qualitative approach has been used in this chapter i.e. PRISMA for systematic literature review from 2010 to 2025. Findings showed that insurers should focus on geographical disparities among nations, green insurance strengthens resilience to climate change, and innovation in green insurance products. The implications to industry, academicians, policymakers, and global suggest that the green deal allowed homeowners to access financial support and reduce poverty.
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