The Product Design and Institution Construction of Natural Catastrophe Insurance

There is a huge gap between the demand and supply of the natural catastrophe insurance products and it could not be fully resolved by market instruments.In the mixed insurance mode based on commercial insurance and supplemented by government fiscal subsidies,the price of insurance product should be fixed according to risks and the contract objects should be set up according to deserving merits.When condition permitting,the government should relax the regulation of capital market,permit the securitization of insurance risks,and enlarge the capital pool of insurance payment to satisfy the demand for natural catastrophe insurance as far as possible.