Research Of Catastrophe Insurance Development In China

Catastrophe is all kinds of natural or man-made disasters in the highest or close to the highest level of disaster level. China is one of the most natural disaster-hit countries, many kinds of natural disasters, widely distributed, high frequency of occurrence, damage slightly large yield loss in serious condition. Frequent catastrophe seriously affected the healthy development of the majority of the people’s normal life and the national economy. Currently, in the world, it has become a catastrophe insurance spread catastrophic loss of long-term mechanism. And China, a small catastrophe insurance coverage, insurance claims accounting for catastrophe losses low percentage of post-disaster reconstruction mainly by national finance, the insurance industry has the basic functions to spread the risk and public administration to play a role in far. Therefore, the need for China to introduce catastrophe insurance legislation, the establishment of catastrophe insurance system, social sharing and catastrophic risk dispersion.During the March 2016, National two sessions that an explicit proposal to establish catastrophe insurance system. The face of disaster, only to strengthen this area of research and management in order to reduce the risk of loss. In 2014, China issued the "State Council on accelerating the development of modern insurance services"(hereinafter referred to as the "new country ten"), but also to put forward a clear, according to the characteristics of each provinces and cities have piloted against catastrophe insurance. Shenzhen, Ningbo and Yunnan catastrophe insurance system is conceived in advance out of the policy.This thesis is carried out in the countries actively implement the pilot catastrophe insurance system context of the current analysis, the negative impact of the first state our case and catastrophic risk catastrophic risk to our existence, and each occurrence of catastrophic disasters, and in disaster relief the main highlight is the government intervention, but increased the government’s financial burden. Secondly, in order to change the passive situation of the government, insurance companies, according to China Insurance Regulatory Commission requirements, catastrophe risk for a particular geographical area and the public face began underwriting. For some catastrophe insurance is only just involved, Ningbo catastrophe insurance pilot achieved initial success, but there are not enough place. Meanwhile, China in the development of catastrophe insurance system, the binding of foreign catastrophe insurance more mature countries, learn from successful and effective part. Finally, considering the actual situation of China’s conditions, the development of catastrophe insurance to make some suggestions.