Improving the Liability Insurance to Resolve Social Risks
FU Chun-hon
Abstract
FU Chun-hon
Abstract
Liability insurance,as an effective means to resolve social risks,has been widely used in the world.There are some problems in the system of liability insurance in China,such as the lack of the policy holder's will,the weak innovation of the insurer and the insufficiency of the support from the government. Therefore,to promote the rapid development of liability insurance and harmonious stability of the Chinese society,the methods should be implemented,including the government's leading role in the practice,the insurance business innovation,the stronger risk management awareness of the enterprise and the establishment of the social security information system
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Liability insurance,as an effective means to resolve social risks,has been widely used in the world.There are some problems in the system of liability insurance in China,such as the lack of the policy holder's will,the weak innovation of the insurer and the insufficiency of the support from the government. Therefore,to promote the rapid development of liability insurance and harmonious stability of the Chinese society,the methods should be implemented,including the government's leading role in the practice,the insurance business innovation,the stronger risk management awareness of the enterprise and the establishment of the social security information system
Key concepts: Liability insurance, Business, Liability, Government (linguistics), Actuarial science, Risk management, Casualty insurance, Business interruption insurance