Study On Insurance Strategy Of Contractors’ Risk Prevention And Control Of Highway Project

With the socio-economic’s rapid development of China in recent years,infrastructure construction is in full swing. To meet the needs of country’s urbanization process,the investment in highway construction projects is constantly increasing,during this process, the competition between contractors has became more and more fierce. Tender stage to final acceptance, the whole process is very lengthy, the contractor will be subject to various risk factors, Urgent need to improve their ability to resist risks. To more effectively accomplish the project objectives of highway project.Engineering insurance as a guarantee of an economic instrument to safeguard project construction, it is in a very important position. Engineering insurance can transfer risk, in order to protect the interests of the contractors. With the development of the economy and the scale of construction is expanding and construction participant’s awareness of risk management raises, Engineering insurance will face a broad market prospects, project’s insurance policy research has yet to be further.Based on the identification of risk of contracting the highway project, using AHP and fuzzy comprehensive evaluation method to evaluate, to identify risk factors in high risk, With high risk factors as a starting point, to proposes the corresponding project insurance policies. and use FZ highway project as a case, analyze its project insurance policies to deal with the risks.to conduct empirical research.Studies have shown that taking the risk transfer measures conducive to achieving the highway project objectives, sound engineering insurance policy helps to reduce the risk frequency and loss of contractors, reduce contractor retained loss and safeguard the interests of the contractor, for contractors to accumulate experience of risk management experience and improve risk control ability has provided assistance,promoted the development of engineering insurance, achieved sustainable development projects in the insurance industry.