Study On Environmental Liability Reinsurance System

A lot of problems have appeared in the proces's of environmental liability insurance pilot work of more than 20 years in China,such as narrow insurance coverage,low loss ratio,high supply of premium rate,low insurance will and so on.As a result,the environmental liability insurance develops slowly.To solve the above problems,the experts and scholars have already carried out various researches and discussions.They put forward their own opinions and suggestions from cover styles,government supports,the designs of the insurance contract,the insurance coverages,risk assessment mechanisms,etc.However,there are few articles to explore the impact of risk management of insurer on the development of the environmental liability insurance.This article argues that the dispersion mechanisms of the insurer risks can alleviate the above problems to some extent,and can promote the development of the environmental liability insurance.This article explores the cause of narrow insurance coverage,low loss ratio,high premium rate,and unreasonable design of the insurance contract mainly from the environmental liability insurer's view,finding that the cause of the above problems is the insurers trying to control risk as much as possible.However,risk control measures will decrease the risk dispersion efficiency of environmental liability insurance which has the characteristic of publicity.Sound risk diversification channels can improve its ability of accepting insurance and the supply of environmental liability insurance products.And reinsurance system of environmental liability can effectively manage the risks of the insurer under the premise that it can guarantee the full use of environmental liability insurance.This paper includes preface and four main chapters.In Chapter One,it starts from the particularities of environmental risk and environmental liability insurance,and it is the particularities that makes the sustainable development of environmental liability insurance must depend on a sound risk dispersed mechanism.In Chapter Two,it demonstrates the necessity of environmental liability reinsurance according to the problems appeared in the process of the environmental liability insurance pilot work.Then it demonstrates the feasibility of environmental liability reinsurance on the grounds of the existing reinsurance basis and the present situation of agricultural reinsurance.The third chapter mainly refers to the current situation of China's environmental liability reinsurance system and the existing problems in the related legislations.In Chapter Four,it puts forward some ideas and advices for China's environmental liability reinsurance from aspects of legislation models,insurance modes,insurance agencies and the rights and obligations of the relevant parties.