Earthquake insurance: international experience and China's ideas

In this paper, four Chuan Wenchuan 2008 earthquake as the background to discuss the insurance in earthquakes and other catastrophic risk management in the role of earthquake insurance in China's history and current situation and the international earthquake insurance on the basis of a typical model comparison, the proposed insurance system in China earthquake Construction of the framework of thinking. The main conclusions of this paper is: earthquake insurance in catastrophe risk management, and so has a unique and important role, but China's catastrophe insurance is rather backward; earthquake insurance in China's development, in general, very limited, is rooted in a lack of Sets reasonable integrity of the earthquake insurance system; international earthquake insurance despite the typical model type model, the nature of institutions, compulsory or voluntary, individual or integrated in areas such as differences, but in the context of disasters, laws and regulations, the core institutions and government support, and other aspects of it Has obvious similarities, China Construction of the earthquake insurance system, should be laws and regulations, the core institutions, risk-sharing mechanisms, the provisions of the rate design, incentive and restraint mechanisms, such as the five aspects of the overall planning framework.

Key words: earthquake insurance; catastrophic risk; international experience in China's thinking