Analysis of tax incentives for environmental insurance in Russia

The introduction of such tools as taxes and fees fixed by regulatory legal acts allow for environmental regulation, and the development of tax incentives in the field of environmental insurance will reduce the negative impact of production on the environment. In world practice, the environmental tax is widely used as an instrument of the environmental mechanism. Therefore, in the conditions of the new economic space, the development of voluntary environmental insurance is relevant. The implementation of research tasks was achieved on the basis of an analysis of the basic laws in the field of legal foundations and taxation of environmental insurance, reports on the activities of insurance companies in Russia. A special place in the study is occupied by the materials of a large international insurance company AIG, which also has an office in Russia in terms of implementing integrated environmental insurance in practice. The methodological basis of the research was such methods as comparative legal, computational and analytical, graphical and logical. The state of environmental insurance in Russia and abroad, the degree of use of tools to stimulate voluntary environmental insurance in Russia, the reasons for the insufficient use of voluntary environmental insurance by economic entities to reduce environmental risks are examined. The study of the legislation in the field of insurance revealed that it does not sufficiently define the provisions on the application of environmental insurance. It is also determined that insurance premiums for voluntary environmental insurance are not provided for in income tax expenses, which hinders the development of such insurance in Russia. The approaches of stimulating organizations to use environmental insurance through recognition of the amount of insurance premiums for voluntary environmental insurance in income tax expenses are proposed.