In this research, we investigate how compliance with SGD-13 impacts the financial standing and risk profiles of insurance companies worldwide. We apply a differences-in-differences methodology, which allows us to assess the unique effects of SGD-13 compliance within the insurance sector. Our findings reveal that insurance companies compliant with SDG-13 experience greater profitability with an additional effect in the period following the introduction of SDG-13. Moreover, the insurance companies compliant with SDG-13 decrease their solvency ratio and their price volatility. Finally, the findings reveal that insurance companies compliant with SDG-13 in low-to-middle-income countries derive more substantial profitability and risk benefits than their high-income country.
Does SDG-13 disclosure impact the performance of insurance companies?
Di Tommaso, Caterina
;Pacelli, Vincenzo
2025-01-01
Abstract
In this research, we investigate how compliance with SGD-13 impacts the financial standing and risk profiles of insurance companies worldwide. We apply a differences-in-differences methodology, which allows us to assess the unique effects of SGD-13 compliance within the insurance sector. Our findings reveal that insurance companies compliant with SDG-13 experience greater profitability with an additional effect in the period following the introduction of SDG-13. Moreover, the insurance companies compliant with SDG-13 decrease their solvency ratio and their price volatility. Finally, the findings reveal that insurance companies compliant with SDG-13 in low-to-middle-income countries derive more substantial profitability and risk benefits than their high-income country.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
