The Construction And Improvement Of The Catastrophe Insurance System In China

China is one of the countries which have the most serious natural disasters. Many kinds of natural disasters and the high frequency of occurrence caused great loss. According to the Bureau of Civil Affairs statistics show that in recent years, China made from natural disasters every year in direct economic losses are more than 100 billion yuan. With the China's rapid economic development, increasing population density, and the rapid accumulation of wealth, there is catastrophic damage caused to continue to expand. Therefore, building a scientific and rational and effective catastrophe risk management system has become a pressing issue. In this context, how to balance among government, commercial insurance companies and the interests of the affected people under the premise of three to establish and improve our catastrophe insurance system, the research is the focus of this article.This article is divided into five parts: The first part introduces the definition of catastrophic risk, characteristics and classification, and status of catastrophe risk management. The second part analyzes the reasons for the absence of catastrophe insurance system from an economic perspective. The third part analyzes the necessity and feasibility to establish the catastrophe insurance system in our country. The fourth part analyzes three of the world's major catastrophe insurance mode: government dominant mode, commercial insurance company the dominant model and cooperative mode, from all kinds of analysis of mode of our country is concluded that the construction of catastrophe insurance system in perfect experience. The fifth part first determine the mode of catastrophe insurance in China, which established the government led to insurance coverage as the core, supplemented by social assistance, of all people to participate in the catastrophe insurance system. And then separately from the majority of the people, commercial insurance companies and the Government proposal of building a Catastrophe Insurance System in the Improvement of countermeasures.