IDEAS home Printed from https://ideas.repec.org/a/afj/journ2/v21y2024i1p4-7.html
   My bibliography  Save this article

Unlocking the Potential of Green Insurance: Lessons for Developing African Countries

Author

Listed:
  • Bibi Z. Chummun
  • Odongo Kodongo

    (University of KwaZulu Natal)

Abstract

The article seeks to explore the potential of green insurance which is an important segment of the financial services sector. Classified as the new way to go, much has been said about green insurance having tremendous potential as the world goes green. Through a review of the literature, we advance the hypothesis that green insurance provision is likely to be more successful and sustainable where risks related to climate change are rapidly developing. We argue that there is still a lack of efficient financial strategies to mitigate risks and to achieve insurance business success and sustainability. Finally, we point to possible ways that many insurers focus constantly on their growth in increasing their market share and retaining better risks by developing and offering new green products and services related to sustainability.

Suggested Citation

  • Bibi Z. Chummun & Odongo Kodongo, 2024. "Unlocking the Potential of Green Insurance: Lessons for Developing African Countries," Africagrowth Agenda, Africagrowth Institute, vol. 21(1), pages 4-7.
    • Handle: RePEc:afj:journ2:v:21:y:2024:i:1:p:4-7
    as

    Download full text from publisher

    File URL: https://journals.co.za/doi/abs/10.10520/ejc-afgrow_v21_n1_a1
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afj:journ2:v:21:y:2024:i:1:p:4-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk De Doncker (email available below). General contact details of provider: https://edirc.repec.org/data/afrgrza.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.