2012•Journal of Beijing Normal UniversityRequires access
ON DISASTER INSURANCE SYSTEM FROM A DISASTER RISK SCIENCE PERSPECTIVE
Xie Wei
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Abstract
The present paper investigated disaster insurance supply and market compensation for disaster loss.This was compared with international insurance programs.The construction of disaster insurance system was discussed in regards to disaster risk science.It has been found that: 1/In China,earthquake risk is included in only a few insurance products such as additional insurance of company property insurance,while typhoon and flood risks were included in most property and life insurance policies.Special disaster insurance has not been established.Insurance compensation rate is much lower than the international average.2/After comparison with similar international insurance programs,the following suggestions are made.Special disaster insurance products based on the theory of disaster system should be designed;Effective system to compensate disaster loss based on different disaster grade should be designed;Precise disaster insurance liability including disaster chain and multi-disaster events can be established;Objective insurance rate using comprehensive approach for probabilistic risk assessment may be designed.