Research on Development Mode of Green Insurance in Hubei

Abstract

Green insurance conforms to the Polluter Pay Principle (PPP) in environmental law, has the function of dispersing risks and compensating losses. It can give full play to the role of market mechanism in the regulation and control of environmental governance, and is an effective economic means to solve the problem of environmental damage compensation. The implementation of green insurance in Hubei faces the problem of low enthusiasm for enterprise participation, which is not conducive to the role of the law of large numbers. The mode of "compulsory priority" and "voluntary supplement" is beneficial to solve the problem of green insurance and promote the development of green insurance.