Research On The Rate Determination Of Environmental Pollution Liability Insurance Based On B-S Model

With the rapid development of China’s economy,the disadvantages of the "pollution first,treatment later" mode in the early stage of accelerating industrial development while ignoring environmental protection have gradually emerged,and China’s environmental pollution accidents have entered a period of high incidence.In recent years,chemical plant explosions have occurred frequently,causing heavy casualties and economic losses.Under the initiative of the state that "mountains of gold and silver are not as green as mountains of green water",giving full play to the important role of environmental pollution liability insurance in dispersing environmental pollution risks of enterprises and protecting ecological environment can be regarded as an effective way to solve environmental pollution problems.However,since the implementation of environmental pollution liability insurance in China,it has been "well received but not well received".The coverage and business volume are very small,and the implementation effect of the pilot is not good.There are many reasons that hinder the development of environmental pollution liability insurance,among which the lack of scientific pricing method of environmental pollution liability insurance is one of the important reasons.Most of the scholars to research from the perspective of macro environmental pollution liability insurance system,and based on the micro level of environmental pollution liability insurance rates set method as the research Angle,through the study on the pricing method of system,and combined with the particularity of environmental pollution liability insurance,to choose the appropriate pricing method,finally combining empirical analysis on the data of pricing method to test.The main content of this paper is as follows:Clear in concept of environmental pollution liability insurance and characteristics,on the basis of reviewing the existing main pricing theory of environmental pollution liability insurance,and comparative analysis of the non-life insurance actuarial method,risk utility pricing methods and the advantages and disadvantages of financial pricing method,through the analysis of the pricing difficulty of environmental pollution liability insurance,it is concluded that the B-S option pricing model is compared with the advantage of the other two methods,the final choice of chemical raw materials and chemical products manufacturing industry in our country environment pollution data,using the B-S option model set out specific rates,concluded the B-S option model set rate is relatively close to the actual rate,The conclusion is applicable to the pricing of environmental pollution liability insurance in China.This paper studies the rate of environmental pollution liability insurance in order to provide some feasible ideas for the supplement and improvement of the pricing method of environmental pollution liability insurance in China.