Research On The Development Of Green Insurance In China

As China's environmental problems intensified,our country has increasingly strong awareness of environmental protection.The government put forward the construction of resource-saving and environment-friendly society in 2007 and proposed the construction of ecological civilization in 2012.And in 2015 the government put forward the idea of green development and harmony between man and nature.These reflected the government's determination to strengthen environmental protection.The function of risk management,social management and financing of green insurance play an important role to guide the development of China's green economy,reduce the enterprise environment risk,and promote harmony between man and nature.But in our country,the current development situation of green insurance is not optimistic,its effect in protecting the environment has not been fully exerted.So the research on the development of green insurance in our country will be beneficial to the development of ecological environment protection,and has a strong theoretical and practical significance to promote the construction of ecological civilization.This paper is based on the basic knowledge of insurance and Economics and uses the qualitative analysis?quantitative analysis and comparative analysis method to study the development of green insurance.Firstly,I will introduce three different views on the connotation of green insurance?the mechanism of green insurance and information asymmetry analysis.Then,I will establish a dynamic game model and uses backward induction method to simply analyze the game between the three main.It is concluded that the main reasons of the lack of supply and demand of green insurance are high premium,low security,the difficulties of pricing and the lack of professional talents.Secondly,through the study of the development model of foreign environmental pollution liability insurance,we should draw lessons from the successful experience of western countries to implement a model that combine compulsory with voluntary.Through the study of the domestic and foreign insurance clauses,we can find that the unclear definition of the insurance accident and the narrow scope of insurance liability are important factors that affect the demand of insurance.Our country should strengthen the role of enterprises in the design of insurance clauses and insurance products.Finally,through the analysis of the types of our country and zhejiang province environment pollution,it is showed that water pollution is the worst.So this paper uses the actuarial pricing method for pricing research to the Zhejiang province water environmental pollution liability insurance.It will be hoped to promote zhejiang province environmental pollution liability insurance pilot work,thus promoting the development of green insurance in China.At the same time,it can be used as reference for the future development of green insurance to design insurance products according to different pollution types.