At its heart, the insurance industry is eminently social and it makes a committed contribution to achieving the 2030 SDGs. Here are some of the key ways in which insurance helps the transition toward a more sustainable world.
The 2030 Agenda makes a call to action to the private sector, understanding that companies are agents of change that encourage economic and social development. Companies innovate, transform and create wealth, all of which is key to achieving the Sustainable Development Goals (SDGs). And, in this respect, insurance is an eminently social business, crucial as it is to ensuring the sustainability of economic activity.
Here are some of the key ways in which insurance helps create a more sustainable world:
3. The Principles for Sustainable Insurance (PSI) were created by the United Nations in 2012. Their objective is to provide a global action plan for insurance companies to develop the innovative insurance solutions needed to promote sustainable cities, renewable energy, food security and more disaster-resilient communities
For example, insurers have collaborated with the UN World Food Programme to provide coverage to small farmers and stockbreeders in Africa.