Role of insurance companies in dealing with environmental issues
The purpose of this paper is to discuss the role of insurance companies in solving environmental issues. Environmental issues we now face are many of such magnitude and severity that it is not just up to governments or heavy polluting companies to deal with them, everyone needs to contribute includi...
Published in: | Veftímaritið Stjórnmál og stjórnsýsla |
---|---|
Main Authors: | , , |
Format: | Article in Journal/Newspaper |
Language: | English Icelandic |
Published: |
University of Iceland
2015
|
Subjects: | |
Online Access: | https://doi.org/10.13177/irpa.a.2015.11.1.6 https://doaj.org/article/f406e7b8259a404ea9997a77889d712c |
id |
ftdoajarticles:oai:doaj.org/article:f406e7b8259a404ea9997a77889d712c |
---|---|
record_format |
openpolar |
spelling |
ftdoajarticles:oai:doaj.org/article:f406e7b8259a404ea9997a77889d712c 2023-05-15T16:10:58+02:00 Role of insurance companies in dealing with environmental issues Lára Jóhannsdóttir Snjólfur Ólafsson Brynhildur Davíðsdóttir 2015-06-01T00:00:00Z https://doi.org/10.13177/irpa.a.2015.11.1.6 https://doaj.org/article/f406e7b8259a404ea9997a77889d712c EN IS eng ice University of Iceland http://www.irpa.is/article/view/1913 https://doaj.org/toc/1670-6803 https://doaj.org/toc/1670-679X 1670-6803 1670-679X doi:10.13177/irpa.a.2015.11.1.6 https://doaj.org/article/f406e7b8259a404ea9997a77889d712c Stjórnmál og Stjórnsýsla, Vol 11, Iss 1, Pp 87-114 (2015) Vátryggingafélög umhverfisleg vandamál stjórnvöld hlutverk aðgerðir Political institutions and public administration (General) JF20-2112 Political science (General) JA1-92 article 2015 ftdoajarticles https://doi.org/10.13177/irpa.a.2015.11.1.6 2022-12-31T00:13:47Z The purpose of this paper is to discuss the role of insurance companies in solving environmental issues. Environmental issues we now face are many of such magnitude and severity that it is not just up to governments or heavy polluting companies to deal with them, everyone needs to contribute including authorities, institutions, corporations and individuals. Insurance systems differ between countries, but due to the size of the insurance sector and integration with almost every aspect oft society, insurers can be a powerful ally when it comes to implementing environment and climate policies of authorities. The article is based on a Ph.D. research of one of the authors which conducted a multi-case study of 16 Nordic insurance companies in the Åland Islands, Faroe Islands, Iceland, Denmark, Finland, Norway, and Sweden. The companies are divided into two case groups; the Islands group and the Mainland group. Differences in actions/inactions were evident between the case groups, meaning that most of the examples used are from the Mainland group. The environmental and climate change focus areas of the Mainland group are 1) products and services, 2) loss prevention and claim settlement, 3) investments, 4) companies own operation, 5) follow-up, and 6) insurers as a driving force of actions. In case of the Islands companies they mainly focus on loss prevention and few factors that affect their daily activities. Theoretical and practical contribution of the study is to highlight the role and contribution of insurance companies in dealing with environmental issues. Article in Journal/Newspaper Faroe Islands Iceland Directory of Open Access Journals: DOAJ Articles Faroe Islands Norway Veftímaritið Stjórnmál og stjórnsýsla 11 1 87 |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English Icelandic |
topic |
Vátryggingafélög umhverfisleg vandamál stjórnvöld hlutverk aðgerðir Political institutions and public administration (General) JF20-2112 Political science (General) JA1-92 |
spellingShingle |
Vátryggingafélög umhverfisleg vandamál stjórnvöld hlutverk aðgerðir Political institutions and public administration (General) JF20-2112 Political science (General) JA1-92 Lára Jóhannsdóttir Snjólfur Ólafsson Brynhildur Davíðsdóttir Role of insurance companies in dealing with environmental issues |
topic_facet |
Vátryggingafélög umhverfisleg vandamál stjórnvöld hlutverk aðgerðir Political institutions and public administration (General) JF20-2112 Political science (General) JA1-92 |
description |
The purpose of this paper is to discuss the role of insurance companies in solving environmental issues. Environmental issues we now face are many of such magnitude and severity that it is not just up to governments or heavy polluting companies to deal with them, everyone needs to contribute including authorities, institutions, corporations and individuals. Insurance systems differ between countries, but due to the size of the insurance sector and integration with almost every aspect oft society, insurers can be a powerful ally when it comes to implementing environment and climate policies of authorities. The article is based on a Ph.D. research of one of the authors which conducted a multi-case study of 16 Nordic insurance companies in the Åland Islands, Faroe Islands, Iceland, Denmark, Finland, Norway, and Sweden. The companies are divided into two case groups; the Islands group and the Mainland group. Differences in actions/inactions were evident between the case groups, meaning that most of the examples used are from the Mainland group. The environmental and climate change focus areas of the Mainland group are 1) products and services, 2) loss prevention and claim settlement, 3) investments, 4) companies own operation, 5) follow-up, and 6) insurers as a driving force of actions. In case of the Islands companies they mainly focus on loss prevention and few factors that affect their daily activities. Theoretical and practical contribution of the study is to highlight the role and contribution of insurance companies in dealing with environmental issues. |
format |
Article in Journal/Newspaper |
author |
Lára Jóhannsdóttir Snjólfur Ólafsson Brynhildur Davíðsdóttir |
author_facet |
Lára Jóhannsdóttir Snjólfur Ólafsson Brynhildur Davíðsdóttir |
author_sort |
Lára Jóhannsdóttir |
title |
Role of insurance companies in dealing with environmental issues |
title_short |
Role of insurance companies in dealing with environmental issues |
title_full |
Role of insurance companies in dealing with environmental issues |
title_fullStr |
Role of insurance companies in dealing with environmental issues |
title_full_unstemmed |
Role of insurance companies in dealing with environmental issues |
title_sort |
role of insurance companies in dealing with environmental issues |
publisher |
University of Iceland |
publishDate |
2015 |
url |
https://doi.org/10.13177/irpa.a.2015.11.1.6 https://doaj.org/article/f406e7b8259a404ea9997a77889d712c |
geographic |
Faroe Islands Norway |
geographic_facet |
Faroe Islands Norway |
genre |
Faroe Islands Iceland |
genre_facet |
Faroe Islands Iceland |
op_source |
Stjórnmál og Stjórnsýsla, Vol 11, Iss 1, Pp 87-114 (2015) |
op_relation |
http://www.irpa.is/article/view/1913 https://doaj.org/toc/1670-6803 https://doaj.org/toc/1670-679X 1670-6803 1670-679X doi:10.13177/irpa.a.2015.11.1.6 https://doaj.org/article/f406e7b8259a404ea9997a77889d712c |
op_doi |
https://doi.org/10.13177/irpa.a.2015.11.1.6 |
container_title |
Veftímaritið Stjórnmál og stjórnsýsla |
container_volume |
11 |
container_issue |
1 |
container_start_page |
87 |
_version_ |
1765996090775044096 |