Potency of Green Insurance in Indonesia
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Abstract
The danger of natural disasters has awakened the world society to the need for better protection. Green insurance is a breakthrough in achieving environmental sustainability. Green insurance has been introduced in various parts of the world for a long time and has now gained increasing public acceptance. This research examines the potential and possibilities of developing green insurance in Indonesia. Based on its benefits and wide-ranging opportunities, green insurance could become a new business opportunity. It is also in line with the green economy agenda for sustainable economic growth. We believe Indonesian people will be attracted to the new things better as their life protection. There are three perspectives regarding green insurance products that can be developed: consumer, commercial, and specialist. Various types of green insurance can be created based on the needs of these three groups; a type of product that can represent all economic agents. Therefore, all parties can be involved in the development of green insurance for sustainable economic growth
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