Original article Financial Economics

THE SOCIAL AND ECONOMIC NATURE OF ENVIRONMENTAL RISK INSURANCE

Irena Misheva - University of National and World Economy
Received: 10 Jun 2022
Revised:
Published:
Downloads: 0
Citations: 0
Issue 2/2015
JEL G22 Q59
DOI https://doi.org/10.56497/etj1560202

Abstract

The article points out the need and benefits from environmental protection when indemnifying damages, caused by the environmental risk upon its realization. The aims and goals of environmental insurance are presented. The role and function of the environmental insurance category are defined from the point of view of insurance theory. The correlation between the liability insurance against environmental protection and other insurance types is highlighted; analyzing the current condition and the opportunities for its development on the national insurance market; justifying the need of environmental pollution liability insurance for the economy of the country.

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