The Model Selection And The Study Of Relevant Solutions For Our National Flood Insurance Management

Nowadays, flood disasters occur frequently in the world with great strength, at the same time, with the increasing concentration of wealth, economic losses is also growing. Thus, it is an inevitable trend to manage flood disasters, bring them into the insurance business, and make a bigger and stronger flood insurance market for the future of flood risk management and control. It is also a way to ease the financial burden of the government and the practical needs to guarantee the security of disaster compensation.Since the flood disaster characteristics limit the control and management of flood insurance, together with the problems insurance company has in managing flood, currently, the flood insurance market in China is quite in lack of both supply and demand. In recent years, the Chinese Government attaches great importance to flood insurance, and commercial insurance companies have strengthened the research on the issue of flood insurance operations, hoping to find a scientific and effective strategy to deal with flood insurance.Based on the systematic analysis of the current status of flood insurance and the operating problems, this paper has proposed the flood insurance business model choice and strategy. First of all, it elaborates the concept and connotation of flood disasters and flood insurance, and it introduces China's flood disaster situation and the status of flood insurance business, and it analyzes the characteristics of flood disasters to limit flood control and flood management insurance business. Secondly, through the analysis of foreign flood insurance models, I have come to the proper flood insurance options for China: the market and government cooperation flood insurance business model which is flexible to adjust according to the specific circumstances of urban and rural. Finally, to these previously mentioned issues, I have analyzed separately from seven levels, i.e. determining premiums, underwriting, claims, utilization of funds on flood insurance, internal control, risk transference and the searching for state support, finally, I have come to the countermeasures in flood insurance business operation in China.