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Are insurance balance sheets carbon-neutral? Harnessing asset pricing for climate change policy

Recurso electrónico / Electronic resource
MARC record
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001  MAP20190028509
003  MAP
005  20191004144235.0
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎328.1
100  ‎$0‎MAPA20110016494‎$a‎Braun, Alexander
24500‎$a‎Are insurance balance sheets carbon-neutral? Harnessing asset pricing for climate change policy‎$c‎Alexander Braun, Sebastian Utz, Jiahua Xu
520  ‎$a‎Due to its enormous size and capital base, the insurance industry has the potential to play a key role in countering climate change. To this end, the major capital flows associated with its investment and underwriting businesses would need to be redirected towards carbon-neutral activities. Since insurance companies can be viewed as large portfolios consisting of financial risks (asset side) and underwriting risks (liability side), we suggest an asset pricing approach to detect carbon-intensive positions on their balance sheets. The framework should be accompanied by two simple policy changes to reinforce its effectiveness.
650 4‎$0‎MAPA20100001561‎$a‎Balance sheets
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080574932‎$a‎Cambio climático
650 4‎$0‎MAPA20080612429‎$a‎Riesgos extraordinarios
650 4‎$0‎MAPA20080612009‎$a‎Política medioambiental
7001 ‎$0‎MAPA20190013567‎$a‎Utz, Sebastian
7001 ‎$0‎MAPA20190013574‎$a‎Xu, Jiahua
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/10/2019 Volumen 44 Número 4 - octubre 2019 , p. 549-568