What is Environmental Insurance Risk

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.