Pricing Of Environmental Liability Insurance For Industrial Water Pollution In Hebei Province

The 19 th national congress of the communist party of China(CPC)included the building of ecological civilization in the two “centenary goals”,and pointed out that the building of ecological civilization is a millennium plan for the sustainable development of the Chinese nation.In the face of the severe situation of tighter resource constraints,serious environmental pollution,ecosystem degradation and frequent occurrence of environmental risk accidents in various regions of China,while strengthening the efforts of ecological and environmental governance,it is necessary to build a long-term mechanism for the prevention and control of environmental accidents and comprehensively deepen institutional and methodological innovation for green development.Environmental liability insurance as an important part of the green financial system,to protect the third party environmental pollution accident victims and to spread the risk of enterprise environment at the same time,promote enterprise more technological innovation,out the backward productivity high pollution,achieve the goal of prevention and control of environmental pollution.In Hebei province,industrial structure adjustment and industrial transformation and upgrading of remarkable achievements,but the added value of six major energy-consuming profession still accounted for about45% to the total,the potential risk of environmental pollution seriousharm to people's personal and property safety of the Beijing-TianjinHebei region.Environmental liability insurance must be specifically designed for different risk accident sources,different pollution characteristics and different regional environmental vulnerability characteristics,so as to ensure the sustainable operation of insurance types while providing protection and promoting environmental protection.Pricing is an important process of environmental liability insurance design,which directly affects the insurance arrangement,behavior change and profit and loss of an insurance company.Therefore,this paper takes environmental risk management theory and actuarial theory as the guidance,uses the method of combining normative analysis with empirical analysis,and hopes to carry out targeted pricing research of environmental liability insurance by analyzing the current situation of industrial source water pollution in Hebei province.The main body of this paper is divided into five parts: the first part,on the basis of combing the environmental liability insurance and its pricing theory,makes a comparative analysis of the pricing methods of environmental liability insurance in practice,including empirical rate method,B-S pricing model and MC pricing model.Through theoretical analysis and comparison of practical methods,we find that the existing pricing methods of environmental liability insurance of insurance companies are mainly based on the empirical rate method,and the unified rate standard is implemented nationwide,which lacks pertinence.Therefore,in the second part,combining with the current situation of industrial water pollution and environmental liability insurance in Hebei province,the main factors affecting the pricing of environmental liability insurance for industrial water pollution in Hebei province are discussed.The third part is to use the preliminary conclusion obtained from the above analysis and the survey data of industrial source water pollution in Hebei province to determine the environmental liability insurance cost and draw a targeted differentiated premium.The fourth part,from the three aspects of laws and regulations,technical operation,supervision and management,and the four links of system design,product design,operation and supervision of environmental liability insurance protection,proposes the market mechanism of environmental liability insurance that is suitable for the actual situation of Hebei province,and analyzes and puts forward Suggestions on various levels and the environment.Environmental liability insurance system in China and the mechanism design is not perfect,and pricing methods is relatively single status for this article provides a larger innovation space: for the area involved,risk accident source,the ecological environment characteristics,such as comparative analysis,to explore the scientific environmental insurance premium set scheme,in order to impel the environmentalinsurance of Hebei province and even the whole country the sustainable development of the insurance market.