The development of environmental insurance in modern conditions

The article discusses the issues of the application of environmental insurance in modern socio-economic conditions. The purpose of the study is to identify obstacles and trends in the development and functioning of environmental insurance in modern conditions. The paper examines and analyzes data from published materials of Russian research, statistical data from the Federal State Statistics Service. As a result of the study, the main problems and directions of development of environmental insurance are highlighted. The analysis showed that emissions of air pollutants decreased from 2019 to 2023, with an annual increase in environmental protection costs in the Russian Federation. The study allowed us to determine that the main reasons for the insufficient development of environmental insurance are: low demand for environmental insurance from enterprises, due to its non-necessity; lack of a unified database for calculating an economically justified insurance tariff; lack of methodology for calculating accumulated environmental damage and common approaches to compensation for damage. To further improve environmental insurance, it is necessary to establish effective and sufficient measures to limit and prevent environmental pollution, generate aggregated statistical data on environmental risk insurance for insurance companies and stimulate demand from enterprises to conclude an environmental insurance contract.