ENVIRONMENTAL INSURANCE: CURRENT CHALLENGES AND STRATEGIC DEVELOPMENT GUIDELINES

Abstract

Introduction. Today's new challenges dictate changes in the guidelines of development in the field of environmental insurance. Environmental issues are extremely important factors in such changes. In addition, they are exacerbated daily by the effects of the full-scale Russian-Ukrainian war, which continues to this day. It is obvious that the strategic directions, which were outlined long before its beginning, have lost their significance and to some extent have identified a new range of problems and their consequences. Given the outlined range of problems, environmental insurance is especially relevant, which has undergone changes that are produced by today's challenges and thus led to the definition of new strategic guidelines for their development. Purpose. Investigate the development of environmental insurance in the range of domestic and global scale, which will determine the strategic guidelines for its development. Method (methodology). In the process of research such methods were used as logical, which allowed to analyze scientific works in the field of environmental insurance; analysis and synthesis, which made it possible to identify factors influencing environmental insurance. Results. The normative and legal basis for the introduction of compulsory environmental insurance is described. The focus is on the mandatory change of previously announced strategic guidelines for the development of environmental insurance to take into account military risks in Ukraine. Strategic guidelines for environmental insurance in Ukraine have been identified, which cover five sectors: electricity, oil and gas, utilities, industry and finance, which need to be ensured in the legislative sphere. It is proposed to implement attractive environmental insurance conditions for «green» insurers in Ukraine. It is established that the practical aspects of the study of strategic guidelines for the development of environmental insurance require further study in the direction of decarbonization, which may be possible after the end of the russian-Ukrainian war