Специфични оповестявания в докладите за устойчиво развитие на застрахователните компании
Specific Disclosures in Insurance Companies' Sustainability Reports

Author(s): Simeon Grigorov
Subject(s): Politics / Political Sciences, Politics, Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Economic policy, EU-Approach / EU-Accession / EU-Development, Accounting - Business Administration, EU-Legislation
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: insurance companies; sustainable development; financial statements
Summary/Abstract: Insurance companies continuously increase their competitiveness by maintaining effective management systems. They successfully participate in the new digital ecosystems by modeling and optimizing forecasts to cover the new business risks arising as a result of climate change in all sectors of the economy. New sustainability reporting requirements from insurance companies and increased accountability of their governing bodies require them to disclose adequate, comprehensive and comparable information in separate sustainability reports on their impact on the environment, social and corporate governance (the three elements of sustainability ESG). ESG reporting has an effect not only on the economy, as a whole, but also on the insurance of each business against the emergence of new insurance risks. The financial statements of insurance companies must contain information about their success in dealing with climate change and their environmental and social impacts.

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