Research On The Risk Management And The Insurance Mechanism Of Natural Disaster In Taiwan

The geography position of Taiwan is special, typhoon, flood and earthquake etc. natural disasters occurrence multifarious, since 1999 9.21 heavy earthquake in Ji-jis have already taken place 4 big natural disasters. three among those times are typhoons, the death and harm number adds up to 14609 people, economy loss at least 501, 000, 000, 000 dollars NT$, property insurance indemnification about 41,881,000,000 dollars. Before the loss of disaster is mostly helped by the government public finance support, the public finance bears heavy. The developed country combines traditional insurance market and capital market to scatter huge disaster risk successfully in recent years; Taiwan has already started trying to go residence earthquake coinsurance organization in 2002 as well, publishing catastrophe bond; But faced many problems, hence the meaning of choosing this topic to research is very important.The way of this paper research will be: firstly clarify the research background, motive, purpose and contents scope; then carry on searching related literature and comprehensive commentary , integrate the theories foundation that the natural disaster risk management and insurance mechanism in the meantime; under the theories foundation instruction, discourse upon Taiwan and the whole world' s natural disaster risk management , dissertate the organization, system and method actual situation of venture financing; comparatively analyse mostly states' operation experience of natural disaster risk management and insurance; under this foundation, subsequently probe into the layout of Taiwan' s natural disaster risk management and insurance mechanism; at last make with the conclusion, innovations and prospect. Thus, this paper includes 7 chapters as follows:introduction, relative literatures review and theories foundation, natural disaster risk management practice and its development tendency, natural disaster insurance operation and comprehension of several states in world, situation analyse of natural disaster risk management in Taiwan, research and planning of natural disaster insurance mechanism in Taiwan, and conlusion.This research has innovation at the following three aspect: The first, the natural disaster risk management and venture financing should change the former single angle of view from diversified angle of view to study, especially pay attention to risk communication; Taiwan should build up integrating natural disaster risk management organization and unitive disaster response system, preventing the low effect for partition, dispersion management. The second, the analysis points out types of huge disaster bond, analyses the merit and shortcoming of the huge disaster bond and option, brings forward current Taiwan' s problems of natural disaster risk securitingation, thinks that current Taiwan is suitable for appling huge disaster bond more. The third, the analysis points out the six greatest problems faced by current natural disaster insurance in Taiwan, analyzing existing residence earthquake coinsurance to protect totally and the mechanism of share risk, suggesting speed research and usage the third layer—international capital market to carry out the valid mechanism of share risk.