ISO 14001 Environmental Management Systems Assessment From the Insurers' Point of View: Methodical Approach

ISO 14001 Environmental Management Systems Assessment From the Insurers' Point of View: Methodical Approach

Malwina Lemkowska (Poznań Univeristy of Economics and Business, Poland)
DOI: 10.4018/978-1-7998-1196-1.ch023


Standardized Environmental Management Systems (EMSs) appeared in the 1990s. They are voluntary tools for managing the relation between the organization and its environment. Multiple analyses indicated the strong external context of EMS. More often than not, the importance of ISO 14001 EMS for the relation between the organization and its insurer has been indicated. The goal of this research is to answer the question how to assess the usefulness of ISO 14001 EMSs adopted by the insured or insurance seeker for the process of environmental insurance products' provision. The structure of the specific measure (checklist) is the result of the analysis. The research is conducted in four steps: (1) analysis of environmental insurance proposal forms for stand-alone products on the Polish market, (2) analysis of the general terms and conditions of the above, (3) review of ISO 14001 requirements, and finally, (4) template analysis of the interview transcript, supported by narrative approach.
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Announcement of ISO 14001 standard was connected with numerous social and individual expectations regarding systems implementation. In the late nineteen nineties a plethora of research appeared concerning the motives for systems implementation, the outcomes and barriers to fulfilment of the expectations.

Key Terms in this Chapter

Environmental Underwriting: Assessment, selection and classification of environmental risk.

Environmental Risk: The risk which is determined by the impact that the subject exerts upon the surrounding environment.

Environmental Insurance: A modest fraction of the product range within the area of environmental risk cover (considering the number of products) by transacting of which the environmental underwriting is conducted.

Environmental Insurance Risk: Possible component of organization’s environmental risk; the types of a subject’s environmental risk the financial implications of which – considering the present insurance product range – may be transferred onto the insurance company by entering into an environmental insurance contract.

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