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The Importance of Environmental, Social, and Governance Risks to Surety Underwriters

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  • Shea Matthew

    (Department of Management, West Chester University of Pennsylvania, 700 South High Street, West Chester, PA19383, USA)

  • Hutchin James W.

    (Department of Management, University of Technology Sydney, PO Box 123, Broadway, Ultimo, NSW2007, Australia)

Abstract

Launched in 2012, the Principles for Sustainable Insurance serve as a global framework for the insurance industry to address environmental, social, and governance risks and opportunities. This report presents the findings of an exploratory study looking at the influence of environmental, social, and governance (ESG) risks on surety underwriting. Our findings come from a global survey of the insurance industry that sought to understand whether and how insurance and reinsurance companies are integrating ESG risks into the surety underwriting of infrastructure projects.

Suggested Citation

  • Shea Matthew & Hutchin James W., 2018. "The Importance of Environmental, Social, and Governance Risks to Surety Underwriters," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 12(2), pages 1-14, July.
    • Handle: RePEc:bpj:apjrin:v:12:y:2018:i:2:p:14:n:3
    DOI: 10.1515/apjri-2017-0016
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    References listed on IDEAS

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    1. Shafik, Nemat, 1994. "Economic Development and Environmental Quality: An Econometric Analysis," Oxford Economic Papers, Oxford University Press, vol. 46(0), pages 757-773, Supplemen.
    2. Obaid Saad Al-Sobiei & David Arditi & Gul Polat, 2005. "Predicting the risk of contractor default in Saudi Arabia utilizing artificial neural network (ANN) and genetic algorithm (GA) techniques," Construction Management and Economics, Taylor & Francis Journals, vol. 23(4), pages 423-430.
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    Cited by:

    1. Lukas Stricker & Carlo Pugnetti & Joël Wagner & Angela Zeier Röschmann, 2022. "Green Insurance: A Roadmap for Executive Management," JRFM, MDPI, vol. 15(5), pages 1-19, May.

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