James Hutchin, a clinical professor at Temple University's Fox School of
Business, is spearheading a study on insurance companies' view of
sustainability, reports Temple News.
Hutchin and a team of students from the school’s required capstone experience for MBAs, named the Enterprise Management Consulting Practice, or EMC, began the study in 2008 with funding from the United Nations Environment Program Finance Initiative.
The researchers were required to complete a global survey of insurance companies, executives and underwriters -- the people who calculate risk. From that survey, Hutchin and his team had to determine “how they viewed sustainability and how their views of sustainability affect the taking of risk and pricing of risk,” he said.
"What we found is, individuals seem to be ahead of their companies in terms of viewing sustainability as important in the insurance industry," Hutchin added.Original source: Temple NewsRead the full story here.