Development Of The Product Liability Insurance System

Product liability as a product of modern mass production, is a legal phenomenon inevitably arises in the modern society, and in legal theory and practice in the world are subject to a high degree of attention. Product liability insurance is developed to a certain stage of the inevitable outcome. In order to better protect consumers, producers and sellers of decentralized operational risk has played an important role, and thrive in the world. With the rapid development of China’s economy and international trade, especially with the integration of the world economy and trade, domestic and international product liability litigation is increasing. And because our country is lagging behind in the product liability legal system and the presence of certain defective product liability insurance system, so that the protection of consumers’ rights and enable producers to spread the risk lagging behind both in the passive situation. How to protect our consumers and how to make our producers, sellers spread the risk, is an important issue, the current economic development of China’s legal system must be addressed. Product liability insurance is an effective way to solve the problem, but our current product liability insurance market share and growth rate is much lower than the average level of developed countries and the world. How to achieve the rapid development of product liability insurance, improve the product liability insurance system is an important issue currently facing the insurance industry.Research the development of product liability insurance, is the study of a system, subject to national legal systems and related objective environment influenced the domestic system. This article hopes to bring together on the basis of liability insurance market data, available information on the status of our product liability insurance to make some analysis, and with reference to the lessons of developed countries the development of product liability insurance, product liability insurance in respect of the development of countermeasures, as some try and explore.There are five chapters in the article. At the beginning is the introduction, the second chapter introduces the basic concepts and features of product liability insurance. Chapter III analysis the current development of the product liability insurance, sort out the laws development of the product liability and find out the factors of development. The fourth chapter describes developed countries such as the United States, Britain, Japan of their product liability insurance market, which summed up the experience with a reference to China. Chapter V is the proposal for the existence of deficiencies, in order to contribute to the stability of product liability insurance sustained and healthy development.