INSURANCE IN THE CONTEXT OF DIGITALIZATION AS A MECHANISM FOR MANAGING ENVIRONMENTAL RISKS IN THE GLOBAL ENVIRONMENT

Анотація

The article provides a comprehensive analysis of the transformation of insurance within the framework of the global digital economy and substantiates its role as an institutional mechanism for enhancing the financial resilience of environmental systems. The intensification of climaterelated risks, the increasing frequency of natural disasters, ecosystem degradation, and the growing scale of environmental losses for governments and businesses require a revision of traditional insurance models and the development of technologically advanced risk management instruments. It is argued that contemporary environmental insurance acquires qualitatively new characteristics due to the integration of digital technologies, which reshape approaches to risk identification, assessment, forecasting, and mitigation. The study examines the impact of digital instruments such as advanced data analytics, predictive modeling, automated underwriting procedures, remote risk monitoring technologies, and distributed ledger systems on improving actuarial accuracy and reducing informational asymmetry. It is demonstrated that digitalization enables the creation of more flexible and adaptive insurance products tailored to climate and technological risks while ensuring faster response mechanisms to environmental incidents. Particular attention is given to the interaction between digital modernization of the insurance sector and the development of international environmental security frameworks, especially within the context of global sustainability initiatives and climate governance mechanisms. The paper emphasizes that digital transformation in insurance extends beyond compensatory functions and contributes to shaping preventive behavioral models among economic actors by encouraging environmentally responsible practices and technological innovation. The necessity of further improvement of regulatory and institutional frameworks supporting digital insurance mechanisms is substantiated, alongside the importance of strengthening international cooperation in environmental risk insurance and promoting ESG-oriented financial instruments. The proposed approaches may serve as a foundation for building an adaptive environmental risk management system capable of operating effectively under conditions of global uncertainty and ongoing digital transformation of the world economy.

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