Sustainable solutions for insurance and risk management

Abstract

The purpose of this research was to thoroughly identify and analyze the key academic works that were relevant to the ideas and elements of sustainable insurance. Finding relevant studies required a thorough and considerable procedure because the literature appraisal was a key component of our research. Numerous published studies demonstrating the need and necessity of sustainable insurance were found throughout the literature search. Sustainable insurance is a strategic and operational approach that involves recognizing, evaluating, maintaining, and keeping an eye on the risks and opportunities connected to climate, socioeconomic, and institutional reforms. Extensive research has pointed to the topic of sustainable insurance and its services and products. The analysis suggests that it had decent construct credibility and accuracy. This study used several databases, search engines, and pre-synthesized search terms including Sustainable Insurance, Risk Management, the Insurance industry, and climate change to find as many relevant scholarly publications as it could. These keywords were the primary search terms and phrases that produced a huge number of unique, peer-reviewed papers.