Financial innovations in testing the mechanism of environmental insurance at industrial enterprises in Russia and the world

Abstract

The article provides an assessment of the development of the innovative mechanism of environmental insurance in the world and in Russia, identifies the main problems of regional development, and suggests a set of organizational and regulatory innovations for the introduction of the environmental insurance market. The article identifies the features of the implementation of environmental risk insurance in Russia and in the world and identifies the need to determine the key factors and indicators of sustainable development of the environmental insurance market. As a result, of the conducted research, a set of requirements for insurance companies planning to introduce the mechanism of imputed environmental insurance into their business processes is proposed. The financial and economic instruments for stimulating the greening of the economic activities of Russian industrial enterprises are justified.

Keywords

• innovation
• environmental insurance
• financial mechanism
• sustainable development
• greening
• industrial enterprises