Development of environmental insurance in Russia

The main indicators of the environmental insurance market are considered. A general conclusion was made about the reduction in the capacity of this market in terms of the volume of insurance premiums, as well as the number of contracts, but the trends, depending on the segment of the environmental insurance market, differ. The market for voluntary environmental insurance has been shrinking for a long time both in terms of the volume of insurance premiums and the number of contracts, but in 2019 the interest of medium-sized businesses in using these insurance products has increased, which opens up additional opportunities for insurers. Their use is not limited to improving the mechanisms for the formation of insurance rates and the calculation of insurance amounts, but should also include the formation of an active position of the industry in relation to voluntary environmental insurance.