On the Problem with China’s Environmental Liability Insurance and Its Countermeasures

Environmental liability insurance has made some achievement since it was introduced into China in 2007.The development of environmental liability insurance,which is now lagging behind owing to the deficiency of legal systems and the inadequacy of policy support and the lack of indemnity standard,relies mainly on the functional law system,mandatory insurance and support from the government.Furthermore,it is necessary to establish a sound system to disperse risks and improve management performance of insurance companies.