Research On Risk Analysis Of Oil Depot And Insurance Application

With the development of the society and technology,the companies which had oil depots implemented have gained a relatively thorough understanding of their relevant risk,and the risk can be mitigated by technical or management method.However,some inherent risk can not be easily mitigated simply using technical method.Such risks should not be ignored because it will bring extensive uncertainty to the operation of such companies,once accident happened,there would be severe economic loss as well as great damage to public health and environment.Insurance,as an effective way to transfer risk,can provide compensation after the accidents.However,currently there is no thorough risk investigation existing which ought to be conducted by insurance company,and the relevant risk have not be acknowledged and understand by them.Whats more,there is no insurance product which could satisfy this industry.Based on the facts listed before,it is urgent to have insurance products aimed at addressing those problems.Firstly,by investigating the accidents happened before and those factors which will significantly influence the operating conditions,the hazards are thoroughly identified.Secondly,the hazards are then grouped by their category.Based on those categorized hazards,the risk assessment index is then be constructed.The assessment matrix is constructed using the weights of every factor combined with scores given by experts;then the gray evaluation weight vector and weight matrix are determined by using the whitening weight function of each gray class.The risk level of the petroleum company is determined by the calculated safety scores.The current insurance premium is then be tailored based on the safety assessment results,which then be integrated into insurance policy.This paper have thoroughly conducted risk identification of one selected oil petroleum company,and applied the presented risk assessment model and calculation method of insurance fee adjustment rate to the determination of insurance policy.the results show that the method presented in this paper can reflect the actual risk level of selected company,the insurance policy based on the risk assessment result can guarantee that the insurance fee can match with actual risk level.