The Underwriting Process in the Environmental Pollution Liability Insurance for Enterprises with Hazardous Waste Production

Irena Misheva ()
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Irena Misheva: Human Resources and Social Protection Department at University of National and World Economy, Sofia, Bulgaria

Economic Alternatives, 2015, issue 4, 34-46

Abstract: The article deals with some of the problems associated with underwriting process in the insurance companies, offering legal liability insurance to business companies of high environmental risk production. It is focused on some topical issues, highly significant, but not sufficiently treated by the insurance theory and practice in Bulgaria. The main goal of the article is briefly to shed a light on the underwriting concept in the insurance sector. Firstly, the specifics of the underwriting as a core business process that drives and interacts with other main and secondary processes in the insurance company are outlined. Thus it shapes almost the entire company’s profile, competences and business model as well. The article also outlines the decisive role of the underwriting and the need of its implementation in environmental pollution liability insurance for companies with hazardous waste production

Keywords: insurance underwriting; environmental risk; technogenic risk; environmental pollution liability; insurance product; insurance business process (search for similar items in EconPapers)
JEL-codes: G22 Q59 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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