Research On Chinese Coastal Pollution Liability Insurance

In the past few years, Chinese petrochemical industry,ocean transportation and marine fisheries have accomplished great developmentThis result doesn’t only enhance China’s comprehensive national strength,improve ordinary people’s lives,but also cause serious pollution.Having been discharged for quite long time,many kinds of pollutants in our Offshore,such as inorganic compounds,labile phosphate and oil,has all been over standard in different degrees.It has led huge economic losses and even been a great threaten to the coastal ecological balance.Nowadays,ocean pollution has already been a major factors to limit China’s coastal economic and social development and Attract more and more attention.Firstly,this article Introduces the related concept of offshore environmental pollution liability insurance by the study on the history,definition,Characteristics and applicability of environmental pollution liability insurance.It also introduces common ways to identify pollution loss,non life insurance actuarial model and the scientific development method.Secondly,this article explains the vulnerability of China’s coastal ecosphere and the severity of coastal pollution by the way of describing coastal ecological environment and current pollution state.Lately,it proves the necessity and the viability of the founding of coastal pollution liability insurance with the special views of industries,society,insurance development and liability judgment,pollution loss statistics,pricing model.Thirdly,this article,on the area of pollution liability insurance,analyses and compares the specific practices and the relates experience of developed countries such as EU,USA and Japan in order to tell the different use between compulsory insurance and voluntary insurance.Having taken Chinese current situation into consider, it raises a new insurance model which combines compulsory insurance and voluntary insurance.At least,after including previous discussion,this article puts forward new ways to identify the policyholders,explains the reasons to different premium standards,ensures the scope of application among compulsory insurance and voluntary insurance,presents feasible suggestions for the founding of Chinese coastal pollution liability insurance and make a reasonable forecast and prospect for the future development of this new insurance.