Research On Loss-sharing Mechanism Of Typhoon

With the continuous development of the society and economic, the concentration of social wealth and distribution of production and living, and the growing trend of global warming, natural disasters become frequent, having serious social and economic impact. Typhoon is one of the most important natural disasters of Zhejiang Province, it have a huge impact in the economic and social development of Zhejiang Province over the years, causing serious casualties and property losses. At present, Zhejiang Province, the main compensation means after typhoon contain disaster aid, policy-oriented insurance and commercial insurance, but the commercial insurance play a smaller and smaller role on it. Based on analysis of loss-sharing system In Zhejiang Province, the reason is catastrophe insurance market failure, internal management mechanism in insurance companies and the lack of government's support. Insurance companies, the internal management mechanism and the lack of effective government support. And through theoretical analysis and experience summary both at home and abroad, combined with combined with the examples of agricultural insurance of the Zhejiang Province, conclude that a reasonable compensation mechanism should define the responsibility of all parties in society, make full the strength of the market and society, the Government may supply relative assistance for commercial insurance, then build a reasonable compensation mechanism typhoon.