China’s Green Insurance Mode Selection In

With the rapid development of low-carbon economy and financial markets, green insurance as a new "green financial" products has become an important measures for the insurance industry to open up new markets and improve profitability. The face of rapid economic growth under the increasingly serious environmental damage, China has yet to establish a real sense of green insurance system, green insurance premium income in property and casualty insurance, the proportion is less than3%. Overall, the pilot of green insurance in our country is not successful, mainly due to the green insurance in the pilot areas basically take any responsibility for the insurance mode, has been far less suited to China’s growing status of environmental pollution. Therefore, the study of green insurance business model, not only help promote the development of low-carbon economy, also contribute to the environmental protection market, has a strong practical significance.This paper firstly starting from the basic theory of green insurance products, introduces the basic definition of green insurance, green insurance and environmental risk management relations, to analyze the development situation and existing problems in China’s pilot area for green insurance. Second, the development of green insurance by the developed countries, the existence of several models brief exposition, while exempt from the coverage and scope of compensation, the amount, rate and responsibility the green insurance terms a comparative analysis, and then summarize experience and draw on China’s revelation that harmful levels of environmental risk, the insurance industry’s level of development and a sound legal system will affect the choice of green insurance model. Era of low-carbon economy in China select mandatory insurance with any combination of green development mode suitable for China’s specific national conditions, positioned as a commercial operation under the policy support in the nature scientific formation of insured institutions, gradually expand the coverage and continue to innovation the green insurance new insurance, and made the green insurance risk mitigation mechanisms. Lastly, for green insurance problems exist in the pilot, it is proposing to implement a quota system of liability, scientifically and reasonably determine the premium rate, an appropriate extension of the claim aging, to sound environmental pollution liability legislation to improve the insurance market and the transformation of government functions and other related recommendations.