Comparison Of Foreign Financial Catastrophe Insurance Policy And The Enlightenment To China

In2014, Shenzhen have issued "Shenzhen catastrophe insurance program", letthe catastrophe insurance became a hot topic of discussion again. The programprovides a blueprint for other region to establish the system, making theory ofcatastrophe insurance system became a reality. As one of the highest rates ofcatastrophe-prone countries, catastrophe insurance system has strong practicalsignificance. As a supporting policies, Fiscal policy can promote the development ofcatastrophe insurance system. But China’s current fiscal policy has not really playedits efficacy, many issues remain to be resolved.Based on the Shenzhen program, this paper aims to explore the role of fiscalpolicies in catastrophe insurance system development. By analyzing the presentsituation of catastrophe insurance market and fiscal policies, we can conclude theexistence and the need to improve the problem. Then, learning the catastropheinsurance of other country and its fiscal policies can make us absorb the goodexperience. Therefore, we can draw fiscal policies for our catastrophe insurancesystem, Put forward some constructive suggestions. First, to develop a detailed budget,change the past practice of the catastrophe insurance fund as a temporary spending,put it into the context of the government budget. Second, to establishment thecatastrophe insurance fund, Third, to increase the commercial insurance company’sfinancial subsidies and tax incentives, reduced the burden on enterprises covered. Last,we should encourage enterprises and individuals to insure and improve people’sparticipation.