The Mercerization Of The Environmental Liability Insurance Products And Pricing Models

Although China’s economy is rapid developing, the protection of environment is an increasingly serious problem.The expert and scholars of environmental liability insurance are starting to pay attention on it.Based on the study of the development of environmental liability insurance on Western developed countries, we come to the experience and inspiration to establish environmental liability insurance system for our country.In this paper, through the analysis of the economic of the environmental liability insurance system, study the basic connotation of environmental liability insurance. Including the meaning of insurance and liability insurance, environmental liability insurance meanings and generation, environmental liability insurance features and functions.And the analysis of the necessity and feasibility about the establishment of environmental liability insurance.From the perspective of economic theory, a better understanding of the environmental liability insurance, as well as of the establishment of environmental liability insurance system is very necessary.Combining the market analysis of our environmental liability insurance, we found that a game among the regulatory authorities, insurance companies, and high-risk corporate, and to point out the status and problem analysis about the development of environmental liability insurance. Through the target market research, the paper design the questionnaire to determine the sample plan and sample size, collect market research data to make the data analysis, write environmental liability insurance product’s market research report. This paper design environmental liability insurance policy, that insurance contract is the final product, which consists of environmental liability insurance contract and insurance provisions. The paper combine non-life actuarial price methode and the B-S option price approach to research environmental liability insurance product’s price. At the application of the price model, this paper select the sample of the petrochemical industry data, and make the determination of scientific analysis about environmental liability insurance price.The conclusion is given a reference value.