Study On The Mutual Embedding Mechanism Of China Catastrophe Risk Management Project

Floods, hurricanes and landslides, tsunamis and other special large-scale natural disasters to the economic and social has brought immeasurable loss and damage. If these natural disasters have brought the loss to the lowest level, it is also a new subject for the companies in the world, especially in the commercial insurance companies. Because of the occurrence of these natural disasters, it is often not the human will to be transferred, with a strong passive, sudden, very difficult to control, once it happens, it will bring huge pressure to the insurer’s payment. Therefore, these special factors also cause the risk has higher insurability. For the Business insurance company, because of the probability of the occurrence of the disaster, the probability of damage to the extent of accurate assessment and calculation, coupled with the control of the rate and other management indicators, it is difficult to determine whether a policy can be charged in full payment. This problem is not only common in the country, in other insurance business market level is also different degrees of existence, even the insurance industry is very developed in the United States, it is still difficult to get rid of this problem. At this point, the role of the government is very prominent, especially in China, the government is the line of public power, but also the control of social resources, catastrophe risk management, the need for government intervention, and even by the government directly involved in the responsibility of catastrophe risk management.The government’s intervention plays an important role in the catastrophe risk management. When a major disaster to the property of citizens or personal safety cause significant damage, once the insurance company cannot afford the payment amount, people can only hope to extend the hand of the government aid. The United States in the face of disaster such as the flood disaster and other catastrophe risk management, has conducted a useful exploration. In the United States, the United States has formulated a federal catastrophe risk management program, and the state has formulated a regional catastrophe risk management program. The author mainly focuses on the two aspects of disaster prevention and reduction, cost responsibility division, payment capability and insurance market incentives, etc., to study the current American insurance system, and then to find the useful experience of the U.S. government catastrophe risk management, to provide reference for the similar problems in China.In contemporary China, as an important issue involving a wide range of large-scale natural disasters such as earthquakes, floods, fires and so is the government’s public administration must take full account of the process. On the whole, the defects of the catastrophe compensation mainly exist in three aspects, one is the source of reinsurance, which mainly concerns the relationship between insurance companies and the government, and the two is in the government. Three is the relevant laws and regulations are not perfect, and sometimes there will be unable to follow the phenomenon, resulting in the post disaster compensation will appear unnecessary disputes and contradictions, greatly reducing the efficiency of compensation. Based on the experience of the government of the United States, the government should provide a series of measures to deal with catastrophe risk management, and put forward some operable suggestions.