Developing a Model for Assessing Environmental Insurance Premiums Related to Maritime Loss and Pollution from the Oil and Gas Industries

Background: The issue of environmental insurance has been raised since the early ۱۹۹۰s and has undergone extensive changes until today. The purpose of this research is to design a model for determining environmental insurance premiums related to maritime losses and pollution resulting from the oil and gas industry. Methods: This study is applied and employs survey methodologies as well as expert panels. In order to analyze the data, SPSS ۲۲ and Expert Choice ۱۱ software were used while hierarchical analysis was used to prioritize the components of the model. The final model was designed based on the Environmental Failure Mode and Effects Analysis method (EFMEA), and its goodness of fit was determined through conformity factor analysis. Results: The research identified six categories of activities and four major types of accidents associated with the oil and gas industry. Moreover, five environmental aspects were determined. Fire and explosions in facilities, pipelines, and tanks (۰.۸۸۶), Pipeline breakage or corrosion (۰.۷۱۴), Maritime accidents and vessel collisions (۰.۶۵۶), and Operational disruptions in facilities (۰.۶۳۱) were prioritized respectively. The calculated Root Mean Square Error of Approximation (RMSEA) index was ۰.۰۶۸, indicating that the proposed model demonstrates an adequate fit. Conclusion: Environmental pollution risks could be covered by commercial insurance by relying on international law within domestic, regional, or global insurance policies in compliance with the principles governing such policies.

کلیدواژه ها:

Insurance premiums ، Environmental loss ، Oil and gas industry ، Risk assessment ، EFMEA