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The social and economic nature of environmental risk insurance

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  • Irena Misheva

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.

Suggested Citation

  • Irena Misheva, 2015. "The social and economic nature of environmental risk insurance," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 54-73,74-91.
    • Handle: RePEc:bas:econth:y:2015:i:2:p:54-73,74-91
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    More about this item

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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