Being trained as an economist I have been working in the insurance industry (and consulting thereof) my whole career. The insurance industry has undoubtedly an important role to play to support individuals, companies and governments when it comes to the damage or loss of assets, lives and environment. The insurance industry has missed the opportunity so far to communicate their purpose and the value they are actually providing (measured typically as a %-age of overall GDP). This is by far underestimating the true value insurance is bringing to societies. With climate change now being (rightfully) on everybody's agenda, I would like to explore the implications of the concept of doughnut economics on the insurance industry, on their business model, their products and further actions they can take to sustain their critical role in societies they have globally.
