The dilemma Evan Blue faces stems from a report by sustainability advocacy group Ceres that calls on companies to take climate change into consideration in their risk models and develop response strategies. The fictional vice president of Traveler’s Insurance is tasked with briefing the company’s board on the matter the next day. He must decide if there is a business case to be made for taking action in response to climate change risk. Students are asked what the company’s responsibility is and if integrating climate change into its risk models will make it a better underwriter or price it out of certain markets. (This is the Simplified Chinese translation of the the English language version of the case which can be found here.)
Travelers Insurance: Focusing on Climate Change and Natural Catastrophe Risk (Simplified Chinese)
by: Andrew Hoffman
Core Disciplines: Leadership/Organizational Behavior, Strategy & Management, Sustainability
Click on any button below to view the available document.
Make sure you are registered and/or logged in to our site to view product documents. Once registered & approved, faculty, staff, & course aggregators will have access to full inspection copies and teaching notes for any of our materials.
If you need to make copies, you MUST purchase the corresponding number of permissions, and you must own a single copy of the product.
Electronic Downloads are available immediately after purchase. "Quantity" reflects the number of copies you intend to use. Unauthorized distribution of these files is prohibited pursuant to term of use of this website.
This product has a teaching note available. Available only to Registered Educators. Please login to view it.
After reading and discussing the material, students should:
- Discuss climate change strictly as a business concern.
- Expand the discussion of climate impacts to include adaptive measures to the usual conversation around mitigation.
- Understand the insurance and reinsurance sectors and consider how the physical impacts related to climate figure into their business planning models.
- Consider multiple ways of making the business case for addressing climate change within the insurance sector.
- Consider the multiple (existing and emergent) products within the insurance sector and how climate change alters their structure and performance.
- Discuss a company’s obligation to do the “right thing” with regard to climate change as well as whether the “right thing” is always clear for a company.