Some thoughts on sustainability, insurability and insurance

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      <subfield code="a">Some thoughts on sustainability, insurability and insurance</subfield>
      <subfield code="c">by Walter R. Stahel</subfield>
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      <subfield code="a">There are clear indications that the present "old" industrial economy needs a serious adjustment to become compatible with the aims of a sustainable society. The main issues involved are the time factor, resource productivity and socio-cultural ecology. For this paradigm shift towards a sustainable society, new tools are needed to control liabilities and simultaneously speed up innovation in commercial and technical areas, and to provide benchmarks for assessing new solutions. Insurance is maybe the only quick way to provide free-market safety nets for real innovation, and the concept of insurability is probably the most efficient free market assessment tool to chose between different options. This means that insurance and insurability could play a key role in the transition towards sustainability. But as a higher resource productivity also induces reduced costs insurance could even be the hidden joker to achieve and greener economic competitiveness</subfield>
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      <subfield code="a">The Geneva papers on risk and insurance</subfield>
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