Studies On The Development Tactics Of Construction Engineering Insurance In China

The economy in our country has been developing rapidly as the drastic development of industrialization and technology since the reform and open policy. However,our country often rely on investing transportation or water conservancy etc. To boost the economy, these projects generally involve a great number of money, different relevant parties, complex economy relationships and longer construction cycle, so it is inevitable to bring a series of risks such as construction risk, market risk, human risk, environment risk, political risk and law risk and so on. These risks often exist at the same time, so once they suffer big accident without adopting effective measures, it will hurt the relevant parties even result in someone death. It is no doubt that the whole project can not make a smooth progress and even fail.As the most effective and widely used measure of risk control, construction engineering insurance plays an important role in modern engineering community. Construction engineering insurance is that the insured pay a certain insurance premium for transferring the risk to insurer and when the accident happened, the insurer compensates the losing in its responsibility scope.Construction engineering insurance in developed countries has step into specialization and institution stage especially in Europe and America. The projects without buying insurance can not start working because three parties include governments, banks, market will control them. Compare with construction engineering insurance of developed countries, construction engineering insurance in our countries still drop behind. The insurance company is weak in underwriting technique, fewer parties and insurance codes, higher insurance premium rate; The investment management system is not perfect and the relevant parties don't attach importance to the insurance; The expenses source of the project insurance namely ownership question do not have a clear regulation yet; Lacking the perfect project insurance intermediary advisory organization; Especially lack the overall law and policy frame that can guide project insurance development of our country. The construction engineering insurance still has not been really set up as a system.The thesis tries to find the real cause why the construction engineering insurance develops so slowly from relevant parties and development environment in order to solve the problem. Engineering insurance is the most effective and widely used measure of risk control in international engineering community. It aims at diminishing loss incurred or relevant disputes, clearing obstacles and pursuing smooth accomplishment by defining risks during the course of construction projects as insured objects. Nowadays, either insurance industry or engineering industry gets to know the importance of engineering insurance. Developing engineering insurance is so necessary.With the perfection of market economy system, China's construction market will become more and more normal, insurance system will be more and more market-oriented, we will get more recognition for the project risk management, all of these will provide a certain vivo sphere for the development of insurance. In view of the current status quo, this article analyses the problem in a comprehensive manner, puts forward boldly the idea of insurance that is constructing our insurance code system, on the basis of learning from advanced international experience. And from the insurance company, the Government, engineering and departments related to construction, this article puts forward the pertinent corrective measure, in particular, it proposes that enhancing the soft value of the services to improve the insurance system is very important. Finally, it points out that dealing with seriously the relationship of relevant parties is very important as well.This article will help people understand China's construction engineering insurance market from a broader and a more comprehensive perspective. Meanwhile, it could make people pay close attention to its future development in-depth, and it plays a guide role for improving and establishing China's construction engineering insurance system.