Research About Insurability Of Catastrophe Risk And Catastrophe Insurance

The catastrophe risk has already become the focus of the world, no matter for the whole world’s losses, or the catastrophe losses in China. Therefore, many professionals in that area are studying measures to control and deal with the problem. In the face of the wild catastrophe risk, a lot of countries have set up the corresponding dispersive and compensation mechanism. Catastrophe insurance system is a kind of effective catastrophe risk sharing mechanism. But Catastrophe Insurance in our country is still in a situation of lack at present. Under this background, how to establish and improve a national catastrophe distribution and compensation mechanism, taking account of interests of the masses suffering from disaster, commercial insurance company and government, is the priority research of this article.Based on the relevant theories and practical methods, the paper analyses the insurability of the catastrophe risk in terms of insurability basis, realistic conditions and model study on the basis of interpreting the relevant theoretical concepts of Catastrophe Insurance. Simultaneously,taking the example of Storm Surge Risks in China,this paper uses Q-Q plots and kurtosis-test to test that Storm Surge Risks do not have Fat tail. So Storm Surge Risks are insurable which enhances the insurability of catastrophe risk. Discuss about the insurability of catastrophic risks provides some basis for the study of design issues such as catastrophe insurance.Then it describes the present development situation of the Catastrophe Insurance in order to explain the necessity of studying development policy of Catastrophe Insurance industry. At last it introduces the evolved gambling analysis tools into the economic activities of Catastrophe Insurance, detailedly discussing the strategy selection of the masses and commercial insurance companies in the Catastrophe Insurance activities before and after the government’s intervention. Meanwhile, it combines with the reality of our Catastrophe Insurance industry so that we can achieve the win among three parts and strengthen the manage of our Catastrophe Insurance industry.