Suggestions On Risk Management And Insurance In China Telecommunication Enterprises

With the progress of the times and the development of the information, people's demand for communication is increasingly strong. As a strategic, fundamental and leading pillar industry in the country, telecommunication plays an important role in promoting social employment, stimulating economic growth, adjusting the industrial structure and maintaining the national security. However, because of insufficient works on risk management and insurance management, in the past few years, the damage of billions of communication assets caused by some major natural disasters such as snowstorms, the freezing and earthquakes, had a significant impact on the normal operation of telecommunication enterprises and people's life. Therefore, how to get risk management and insurance management well done is very important for the development of countries and people's normal life.Based on the analysis on the risk that national telecommunication enterprises are facing now, this thesis gives some suggestions on risk management and insurance management for them, aiming at helping telecommunication enterprises to avoid their own risk and provide better service for the country and the people.The introduction in this thesis gives a brief overview of the significances of the topic, the background and the research contents and methodology, as well as several aspects of innovation and the shortage.Then this thesis gives some further detailed analysis on risks faced with Chinese telecommunication enterprises. Firstly, taking advantage of mass data, it illustrates natural risks that may occur in the operation of telecommunication enterprises, such as typhoons, rainstorms, floods, thunderstorms and earthquakes. Secondly, it introduces some contingencies faced with telecommunication enterprises, such as fire, man-made sabotage and animal-made sabotage. Then it analyses telecommunication enterprises' liability risk, for example public liability risk and employer liability risk. Finally, it describes the security risk of communication system, the static risk, the liability risk of environmental pollution, the technical risk and other peculiar risks in this industry. After analyzing the above, it collects and ranks these risks according to their importance, in order to make them more intuitive and quantitative.After that, this thesis shares the experience of foreign telecommunication industry in risk management. Then in view of the specific national condition, it also provides some suggestions on risk management for Chinese telecommunication enterprises. From recommendations of the risk management, it can be seen that the insurance is a very common and effective method.Because the insurance is very common and effective, this thesis gives some recommendations on specific operation of risk management for telecommunication enterprises in a complete chapter. Firstly, it introduces the insurance procurement, the insurance management model, the underwriting model and the issue method, followed by a comparative analysis, and then gives the reasonable proposal. Secondly, in the payment process, it provides different analysis according to different characteristics of auto insurance and non-auto insurance, and gives proposals separately. Then because the choice of insurer in the operation of risk management for the telecommunication enterprises is very important, it also presents some factors should be focused on when choosing the insurer. Finally, it recommends some insurance coverage for the telecommunication enterprises and also illustrates the designing features of the insurance program. For example, extending the clauses especially agreeing on perfecting the insurance program, drawing up a special agreement based on the characteristics of telecommunication industry, classifying the assets and scientifically determining insured amount of insurable assets, avoiding cross-liabilities risks, setting deductible scientifically, balancing the relationship between the premium and the cost of claim, etc.In the last part, it summarizes the main contents and recommendations, also get a conclusion.