Insurer’s Role in Intensifying Environmental Sustainability And Social Development

2021 ◽  
Vol 6 (3) ◽  
pp. 126-133
Author(s):  
Soumya Sasidharan ◽  
V.K. Ranjith ◽  
Sunitha Prabhuram
Keyword(s):  
Social Development ◽  
Environmental Sustainability ◽  
Insurance Industry ◽  
Jel Classification ◽  
Green Products ◽  
Secondary Sources ◽  
Current State ◽  
New Business ◽  
Sustainable Insurance

Objective – Sustainable insurance is the new concept that emerges in the current state, that every country adopting now. The objective of the study is to identify the insurance industry's role and contribution to promoting environmental sustainability. To outline sustainable insurance and sustainable/green products and services. Methodology – This paper explores the contribution of the insurance industry and its role in promoting environmental sustainability and social development. This is a theoretical paper, focused on the secondary sources of data from research publications, websites, books, journals, and articles. To achieve the objectives, this study will critically review previous literature and assess contemporary views from different perspectives. Findings– Various insurers are frequently focusing on their progress, enhancing their share of the market, and maintaining better risks to achieve marketplace success. Insurers should always be on the lookout for new ways to set themselves apart from the competition. The implication for insurers is that their actions matter a lot when it comes to environmental issues and providing green insurance solutions can open new business opportunities for the industry. The answer may lie in marketing new products related to potential climate change and the corresponding sustainability/green insurance. Novelty – Sustainable insurance is aimed primarily at developing innovative or green products and services, reducing risk, improving company efficiency, and supporting environmental, social, and financial sustainability. There hasn't been a general overview of the role of insurers in enhancing environmental sustainability and social development done yet. Theoretically, our work aids policymakers and other stakeholders in better understanding the role of insurers in enhancing environmental sustainability and social development. Type of Paper: Review JEL Classification: G20, G22, G23. Keywords: Insurance, Sustainability, Green insurance, Green products and services, Sustainable Development.

The Role of the Insurance Industry to Promote Environmental Sustainability

2021 ◽  
Vol 12 (1) ◽  
pp. 20-20
Author(s):  
Soumya Sasidharan ◽  
Dr. V.K. Ranjith ◽  
Dr. Sunitha Prabhuram
Keyword(s):  
Sustainable Development ◽  
Environmental Sustainability ◽  
Insurance Industry ◽  
Business Environment ◽  
Vital Role ◽  
Green Products ◽  
Sustainable Business ◽  
Secondary Sources ◽  
Definition Of ◽  
Sustainable Insurance

In today's world concept sustainable development is the most important aspect of any organization. This paper aims to identify the contribution of the insurance industry and its role in promoting sustainability. The definition of "sustainable development means without compromising the need of the future the present need of the society must be fulfilled in a competitive business environment"(World Commission on environment and development,WCED,1987). Sustainable insurance is the new concept that emerges in the current state, that every country adopting now. The insurance industry plays a vital role in development of sustainable business through green products and services. This paper is focused on the secondary sources of data from research publications, websites, books, journals, and articles. Sustainable insurance is aimed primarily at developing innovative or green products and services, reducing risk, improving company efficiency, and supporting environmental, social, and financial sustainability. Sustainable insurance indicates to maintain a balance between the society and insurance industry without squandering the resources of nature for the growth and enhancement of the whole community. Keywords: Insurance, Sustainability, Green products and services, Sustainable insurance.

scholarly journals INVESTIGATING THE ROLE OF MICRO FINANCE ON ECONOMIC AND SOCIAL DEVELOPMENT OF PEOPLE: A CASE STUDY OF RURAL AREAS OF SIND, PAKISTAN

2015 ◽  
Vol 11 (2) ◽  
Author(s):  
Muhammad Tariq
Keyword(s):  
Social Development ◽  
Term Structure ◽  
Rural Areas ◽  
Well Being ◽  
Target Population ◽  
Chi Square ◽  
Before And After ◽  
New Business ◽  
Regulatory Bodies

Purpose: This study is designed to investigate the role of microfinance on the economic and social development of people in the rural areas of the Province of Sind Pakistan. This study considers and compares two situations of the respondents: economic and social conditions before and after taking micro loan. Methodology/Sampling: The target population for this study is those people who planned to take microcredit from the banks with the objective to change their lives by investing such funds in their existing business or opening new business. We conducted a survey about their economic well-being before taking microcredit (Feb-July 2013) and then revisited to them after a year and determined their status after taking microcredit. The study considers descriptive as well as statistical analysis such as Chi square, OLS estimation and one sample T test. Findings: The study concludes that there is no change in Economic Conditions of Borrowers after accusation of Micro finance. The microfinance could not improve their Business growth as well. However, in Social Development, there is significant improvement in the Lifestyle of borrowers, whereas, there is no significant improvement in Health and Education needs of Buyers before and after taking of microfinance. The study further concludes that borrowers believe that the Loan Amount provided is not sufficient for their needs and both the repayment schedule and interest rate are not reasonable to facilitate them. Practical Implications: this study provides bases for new dimensions especially for the policymakers and the regulatory bodies that the term structure of Micro credit should be revised as well as the amount of loan should also be sufficient for the borrowers’ need.

Are Businesses Washing Consumerism With Green Ideology?

2020 ◽  
pp. 92-109
Author(s):  
Marta Massi ◽  
Caterina Francesca Ottobrini
Keyword(s):  
Business Models ◽  
Innovation Process ◽  
Green Marketing ◽  
Customer Participation ◽  
Consumer Empowerment ◽  
Green Products ◽  
New Business ◽  
Sustainable Marketing ◽  
New Business Models

This chapter reviews the literature on green marketing from the sustainable marketing phase to the latest paradigm of green marketing based on the concept of consumer empowerment and customer-initiated innovation process. In particular, the authors delve into the evolution of green marketing in order to highlight critical contrasts including product-based vs. service-based green marketing approach; top-down (business-initiated) vs. bottom-up (customer-initiated) green-based innovation; physical vs. online distribution of green products/services; positioning and advertising vs. brand co-creation; passive vs. active/empowered role of consumers and focus on customers vs. focus on multiple stakeholders. This chapter illustrates, through a series of cases and consumer insights, the contradictions, and controversies of green marketing. The chapter shows how customer participation and value co-creation, have changed the way green products are consumed and developed, and have forced organizations to adopt completely new business models.

scholarly journals Contributions of Formal Education to Social Development – What do we Know on the Basis of Research Evidence?

2013 ◽  
Vol 2 ◽  
pp. 1-8 ◽  
Author(s):  
Tuomas Takala
Keyword(s):  
Social Development ◽  
Formal Education ◽  
Research Evidence ◽  
The Political ◽  
Policy Decisions ◽  
Current State ◽  
Education And Development

This article gives an overview, on the basis of existing synthesis reports and articles, of the current state of knowledge on the role of formal education in promoting social development. The existing evidence is contrasted with simplistic assumptions that abound in the political discussions on education and development. At the same time, the limitations of the potential of research to serve as a guide to policy decisions are also acknowledged. DOI: http://dx.doi.org/10.3126/jer.v2i0.7616 Journal of Education and Research Vol. 2, 2010 p.1-8

scholarly journals Green awareness and green purchase intention: The moderating role of corporate image

2021 ◽  
Vol 924 (1) ◽  
pp. 012051
Author(s):  
E R Lestari ◽  
R Septifani ◽  
K Nisak
Keyword(s):  
Environmental Sustainability ◽  
Purchase Intention ◽  
Structural Equation ◽  
Corporate Image ◽  
Partial Least Square ◽  
Least Square ◽  
Green Products ◽  
Buying Behaviour ◽  
Moderating Role

Abstract Customers’ awareness of environmental sustainability plays an important role in green purchase intentions. Understanding the buying behaviour of green products is particularly interesting since the corporate image builds customers trust and becomes a consideration to choose and purchase green products. This research aims to explore the influence of green awareness on the purchase intention of green products by considering the contingency effect of corporate image. The study used a survey questionnaire to collect responses from 155 respondents in Malang-East Java, Indonesia. The research was designed by using Structural Equation Modelling (SEM). Partial Least Square analysed the data. The results show that customers’ green awareness positively affects green purchase intention, while the corporate image was found to have a positive moderating role in the relationship. The research has indicated that corporate image can help develop consumers’ trust in the companies and influence the purchase intention of its product.

scholarly journals Nostalgia decreases green consumption: The mediating role of past orientation

2020 ◽  
Vol 23 (4) ◽  
pp. 270-284
Author(s):  
Xuehua Wang ◽  
Chen-Ho Chao
Keyword(s):  
Jel Classification ◽  
Green Product ◽  
Green Products ◽  
Green Consumption ◽  
Consumption Behavior ◽  
Mediating Role ◽  
The Past ◽  
Negative Effect ◽  
Product Preference

Nostalgia, a sentimental longing for one’s past, can influence consumption behavior. The present research investigates how nostalgia affects green consumption. Specifically, we propose that high nostalgia, chronic or primed, can lower consumers’ preference for green (vs regular) products. Results across four studies show that high-nostalgia consumers have lower preference for green products compared with low-nostalgia consumers. This effect is mediated by past orientation, such that high-nostalgia consumers tend to dwell on the past, which brings preference to the older products, usually regular rather than green ones that have future connotations, they grew up with. In addition, we find that mortality salience (MS) moderates the effect of nostalgia on green product preference, such that the negative effect of nostalgia on the preference for green products would be enhanced (vs mitigated) when MS is high (vs low). Implications for research and practice are discussed. JEL CLASSIFICATION M3

Philosophical and Pedagogical Views of Yu. F. Samarin

2019 ◽  
Vol 54 ◽  
pp. 209-218
Author(s):  
Lev E. Shaposhnikov
Keyword(s):  
National Identity ◽  
Social Development ◽  
Educational Policy ◽  
Critical Evaluation ◽  
Educational Process ◽  
Educational Context ◽  
The Government ◽  
Role Of Religion

The paper analyses the evolution of Yu. Samarin’s ideas from rationalism to “holistic knowledge”. Special attention is paid to the philosopher’s conceptualization of the key role of religion for a nation. The author also examines the scholar’s position concerning the promotion of patriotism as an important impetus for social development. Emphasis is made on analyzing the interaction of universal and national aspects in the educational process, as well as on the value of national identity in the field of humanities. The article also presents Yu. Samarin’s critical evaluation of the government educational policy and his suggestions on increasing its effectiveness. The author notes the relevance of Yu. Samarin’s views for the contemporary philosophical and educational context.

Family Courts and Human Security in South West Nigeria

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Janet Oluwaleye Monisola
Keyword(s):  
Domestic Violence ◽  
Violence Against Women ◽  
Physical Violence ◽  
Fundamental Rights ◽  
Secondary Sources ◽  
Family Courts ◽  
South West ◽  
The Family ◽  
Domestic Violence Against Women

The trend of violence against women in Nigeria has increased more than ever recently, with many women having been deprived of their fundamental rights. Violence against women in Nigeria includes sexual harassment, physical violence, harmful traditional practices, emotional and psychological violence, and socio-economic violence. This article investigates cases of domestic violence against women in South West Nigeria by assessing the role of family courts in the adjudication of such cases. Both primary and secondary sources of data were employed to examine incidents of violence against women and the role of the family courts in ensuring justice. The author employed both primary and secondary sources of data; the data gathered were analysed by frequency and simple percentages, while qualitative data were descriptively analysed. The article reveals the causes of domestic violence against women to include a cultural belief in male superiority, women’s lack of awareness of their rights, women’s poverty owing to joblessness, men seeking sexual satisfaction by force, women having only male children, the social acceptance of discipline, the failure to punish the perpetrators of violence, the influence of alcohol, and in-laws’ interference in marital relationships. It also reveals the nature of domestic violence against women. The research revealed that the family courts have played prominent roles in protecting and defending the rights of women. The author therefore recommends that the law should strengthen the family courts by extending their power to penalise the perpetrators of violence against women. 

ANALYSIS OF APPLICATION OF BLOCKCHAIN TECHNOLOGIES FOR THE BANKING SECTOR

2017 ◽  
Author(s):  
Svitlana Ilkovych ◽  
◽  
Maryna Korol ◽  
Keyword(s):  
Banking Sector ◽  
Blockchain Technology ◽  
Current State ◽  
Global Banking ◽  
Banking Institutions ◽  
Pros And Cons ◽  
Further Development

The article considers the essence of blockchain technology and the possibility of its application in the banking sector. The current state of development and application of blockchain technologies in various industries is analyzed. The pros and cons of using blockchain technologies for the banking sector are identified. Emphasis is placed on the role of blockchain technologies in the further development of the banking sector. The most promising directions of development of this technology are considered. Particular attention is paid to examples of the use of blockchain technology by global banking institutions.

DIGITAL ECONOMY AND GLOBALIZATION: THE IMPORTANCE OF DIGITAL ENTREPRENEURSHIP DEVELOPMENT

2020 ◽  
Vol 6 (3) ◽  
pp. 17-20
Author(s):  
Farxod Tursunov ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Management Systems ◽  
Entrepreneurship Development ◽  
New Business ◽  
Definition Of ◽  
Digital Enterprise ◽  
New Business Models ◽  
Digital Entrepreneurship

The article discusses the role of the digital economy in the development of the country, how it becomes the basis of the economy, new business models and management systems. The opinion of scientistsis analyzed, a definition of a digital enterprise is given

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