The Study On The Insurance Model And The Management Mode Based On The Catastrophic Risk

There are many natural disasters such as earthquakes and floods in our country, and the catastrophic risks have a broad geographical distribution, all kinds of types, high frequency, and the huge loss. Especially since 2008, the south snowstorm, the train collision and the Sichuan earthquake had successively taken place in our country, greatly threaten the economic development and social stability, and the people greatly need the catastrophic insurance to play a important role in undertaking the catastrophic risk. However, due to the small capital, the low levels of profitability, the lack of catastrophe underwriting technology, and the single financing channel, our insurers are at a loss in the face of the severe reality of the catastrophic risk.According to the above facts, the paper, takes the catastrophic risk as my research subject, takes the basic insurance theory as a starting point, bases on the catastrophic insurance model, takes advantage of the experiences of foreign insurers that run the catastrophic insurance, and discusses to establish the management mode of catastrophic insurance that suit for our real circumstances. The paper innovatively proposes that the pricing method of catastrophic insurance based on the capital assets pricing model and the management mode of catastrophic insurance based on basic elements of the catastrophic insurance and its model. And the mode is that the pool channel of original capital should be diversification, the premium pricing should be rationalization, and the insurance claims should be multi-levels.And at the same time, the paper also suggests that the government should change the previous ways of the disaster relief, and apply the disaster relief mechanisms to the catastrophic insurance system. What is more important, the government should expeditiously work out the policy supporting the catastrophic insurance, finance the catastrophe insurance, and undertake as the last reinsurer so that the catastrophic insurance could be normally operated.The establishment of management mode of the catastrophic insurance is a complicated systematic project as to our insurance companies, which involves the multi-disciplinary theories, and need the collaboration of the multi-sectors. It is believed that as the establishment of management mode, the catastrophic insurance will be provided financial security for the reconstruction, and so as to protect the harmony development of the economy and the society in our country.