The aim of the report is to stimulate and further deepen the discussions with key stakeholders on the insurance provisions of the Environmental Liability Directive and to highlight areas in which insurers might provide affordable risk transfer solutions in this new field of sustainable development and environmental protection. The report also sets out the progress of Member States in transposing the Directive. By 1 January 2008 fewer than half of the Member States had enacted the Directive into national law.

At a time when some insurance solutions are starting to appear in European insurance markets, the report highlights areas in which underwriters may wish to provide protection against the environmental risks envisaged in the Directive.

CEA’s work is focused on fundamental research and the identification of possible building blocks for insurance products. However, as the European Commission starts to pursue legal action against the 16 Member States who failed to transpose the Directive by the 30 April 2007 deadline, the CEA report acknowledges that a clear legal framework and a close relationship to the Directive are keys to the development of sustainable insurance solutions.

The CEA workshop on Environmental Liability was attended by around 130 key stakeholders, including Member State transposition authorities, national insurance associations, European Commission officials, insurance providers and brokers.

For more information, please have a look at:
- The CEA report The Environmental Liability Directive: Enhancing Sustainable Insurance Solutions
- The CEA press release: Environmental Liability Directive: Enhancing sustainable insurance solutions. New CEA report considers building blocks for possible EL insurance products