The importance of social sustainability in the insurance industry
by Frank Schiller
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Frank Schiller is Chair of the Enterprise Risk Management Committee at DAV | ||
Social sustainability is an essential element of the solutions provided by the insurance industry. Insurance effectively safeguards individuals through the pooling of risks across a collective and over time. Insurance companies, while privately organized, must also take into account regulatory requirements (such as Solvency II) and other economic factors (such as regularly paying dividends to shareholders, though mutual insurance companies may face less pressure than publicly listed ones). These considerations ensure that insurers can offer
risk coverage sustainably and stably in the long term.
Disclaimer:
This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 40 – December 2024
