The Study Of Promoting The Captive In The Construction Industry In China

The current situation of the construction project risk management needs a new-style risk management tool to control the project risk. Captive is a kind of typical Alternative Risk Transfer which generates in the risk management innovation of the enterprise. Captive is controlled by non-insurance company which underwrites and reinsures the risk of the parent company and affiliated company. Now the developed countries in Europe and America have taken Captive which is a new-style risk management tool to manage construction project risk and acquired a good result. Ministry of Construction claims to search after the mode of Captive which suits to the situation of China.The thesis researches for the mode of Captive which suits to the situation of Chinese construction, according to analyze the current situation of Chinese construction enterprises and Captive design life cycle which is popular in the world. The modes of Captive contain the single Captive mode of China large scale construction enterprise, the group Captive mode of many construction enterprises and the association Captive mode. All scales construction enterprise will be programmed in the mode of Captive, and the thesis describes the operating mode of Captive in detail. In addition, the thesis discusses the operation mechanism of the three modes , and analyzes captive-reinsurance,adjustment mechanism of insurance premium rating and risk management service deeply.On the one hand,the thesis discusses the mode of Captive suiting to the situation of China. On the other hand, the thesis analyses the superiority in depth which is produced by the implementation of Captive. On the basis of the above,the thesis research the security system that the of the Captive implements,which includes laws and regulations, institutional system , cultural environment and so on.