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Insurance of Environmental Risks in the Context of the Corporate Security of the Industrial Enterprise

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  • Irena Markova

Abstract

The study examines the issue of the place and role of environmental insurance in the security concept of the industrial enterprise. The priority importance of liability insurance against the risk of “environmental pollution“ in economic entities is outlined. Emphasis is placed on the positioning of environmental insurance among the mechanisms for increasing environmental security in the context of corporate risk management. The results of the marketing research among operating companies in the Bulgarian insurance market are presented and give an idea of the state, problems and guidelines for the development of insurance for environmental risks in our country. The analysed marketing information is supplemented by the results of similar research among companies in the chemical industry as consumers of environmental insurance in order to cover the two elements – supply and demand – in the market of environmental insurance.

Suggested Citation

  • Irena Markova, 2022. "Insurance of Environmental Risks in the Context of the Corporate Security of the Industrial Enterprise," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 142-171.
    • Handle: RePEc:bas:econst:y:2022:i:7:p:142-171
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2022/2022-7/07_Irena-Markova.pdf
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    References listed on IDEAS

    as
    1. Irena Misheva, 2015. "The Underwriting Process in the Environmental Pollution Liability Insurance for Enterprises with Hazardous Waste Production," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 34-46, December.
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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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