Research On The Pattern Of Marine Disaster Insurance In China

Natural disaster insurance is a means of transferring the risk of natural disasters, and it's also a financial instrument to give compensation for the affected policyholders who want to get restitution. In China, the natural disaster insurance, such as "personal transfer risk" and "social risk sharing", is very underdeveloped. Also, marine disaster insurance is a blank. It is limited that the capacity of government providing direct financial assistance to natural disasters, including marine disasters. The ability of individual residents and businesses to withstand natural disasters is not strong. It's quite prominent that the phenomenon "many years of prosperity, a disaster created the poor" in coastal cities. The only marine fisheries mutual insurance association carries out the fishermen and boats insurance, to the exclusion of sea ice disaster. Narrow range of subject matter seriously hampered the economic compensation function in the compensation for the loss of marine disasters. Therefore, it has become a priority in combating marine disasters that the combination of international experience and China's actual conditions and a reasonable model of the marine disaster insurance system. And it also is a major issue that the theory and practice circles urgent need to address.In this paper, it first analyzed the binding nature of the marine disaster insurance establishment, and discussed economic basement of marine disaster insurance from the aspect of analysis of supply and demand of marine disaster insurance and government disaster bearing capacity assessment. It gave the shortcomings of the present marine disaster insurance on the basis of comparison domestic and foreign natural disaster insurance models. According to expected utility theory, it then analyzed the marine disaster insurance's Pareto optimal schema using the expected utility function model, and got the insurance mode according to the condition of our country's maritime disasters. Then the paper did some research on marine disaster insurance pattern from the aspects of the main body, the insurance business, etc. It determined marine disaster insurance rates by using of insurance actuarial method in order to provide useful help for the marine disaster insurance's carrying out.Firstly, the paper begins with the development of China's marine disaster insurance history and current situation, and analyzes the contradiction of urgent needs faced by weak supply of the marine disaster's insurance market. After that, it establishes a government disaster bearing capacity's vulnerability assessment model, and as an example, it analyzes the government disaster bearing capacity's vulnerability in coastal cities of Shandong Province by using of information diffusion evaluation method and cluster analysis method. Analysis obtains the result of limited capacity of government subsidies, different disaster bearing capacity of different cities and the urgent need to carry out marine disaster insurance.Secondly, the paper does some research on the establishment of disaster insurance of China based on utility theory and the comparative study of domestic and international marine disasters insurance model. Starting with the Pareto optimal allocation of public goods, it studied the desirability of providing public goods and the number of provided. Then according to the expected utility theory, gives the model for marine disaster insurance in the constraint conditions such as premium subsidy and adverse selection. The analysis proved that our country marine disaster insurance should be the wholesale insurance plan under the mutual cooperation insurance pattern, and has given the concrete arrangement.Finally, the paper carries on the discussion of our marine disaster insurance pattern on the preamble foundation. It analyzes the operating subject of marine disaster insurance and discusses the insurance coverage design. Then, by the storm surge disaster as an example, the disaster insurance contains maximum disaster risk through comprehensive insurance form. Combined with actual situation, it calculates the insurance rate to provide useful advice for the government.This paper mainly discusses the following innovation points:(1)It analyzes the vulnerability of the government bearing disaster capacity in coastal cities of Shandong Province, by using of information diffusion evaluation method and cluster analysis method. And thus it found the limited capacity of our government financial subsidies and different disaster bearing capacity in different cities. So carrying out the marine disaster insurance is urgent needed.(2) According to expected utility theory, it analyzes the marine disaster insurance's Pareto optimal schema and model optimization using the expected utility function model, on the basis of the comparison with domestic and foreign natural disaster insurance models.(3)It gives the marine disaster insurance rate with the actuarial science method. And then it determines the loss distribution of marine disasters, reliability premium and optimal premium pricing in order to provide some useful help to the marine disaster insurance carrying out.