Research Of Insurance Countermeasures Dealing With The Weather Risk In China

The weather risk exists in all businesses and will have a great effect in the economic in china. The catastrophic weather not only will destroy highways, Bridges and other public facilities, but also can make property damage and endanger to human. The snowstorms in the south in early 2008, big earthquakes in we chuan in May 12, 2008, Typhoon and landslides, all have caused enormous losses to our country. Although the Unfavorable weather risk won't cause huge losses, but also affects the normal life and production: mild winter will reduce the profit in energy industry and increase the expenditure of the consumer; Cool summer will impact the cash flow of cold drinks industry, bringing great uncertainty to the management of the enterprise. As an effective tool to transfer the weather risk, insurance has been developed in foreign countries and played a significant role. Therefore, our country should learn the successful experience from foreign countries to develop the insurance dealing with weather risk(There were two kinds of insurance to deal with the weather risk, one kind is severe weather insurance, another kind is the weather insurance. So, in this paper, we called then weather risk insurance in all) for the stable development of the economic in China.For this phenomenon, in the basic of describing the types and characteristics of the weather risk and the theory of weather risk management , the paper analyses the weather risk China faces, and introduces the weather risk management process: at present, our country has not established catastrophe insurance mechanism, but only has some additional insurance covering the sever weather risk , government and insurance company are on the absence of the function in dealing with severe weather risk .Our weather insurance only stay in the stag of developing and promoting the meteorological index insurance, and haven't yet open other weather insurance. The kinds of the insurance are less, and the coverage is small and existing problems such as lacking of technical talents, and technology relatively backward. This paper also inspects and evaluates the status and experience of catastrophe insurance(catastrophe weather mainly includes droughts, floods, typhoon, snow and heavy rain, currently catastrophe insurance is the main countermeasures to deal with catastrophe weather risk in ; Therefore, in this article the severe weather insurance was equivalent to catastrophe insurance) and weather insurance in the developed countries such as United States, Japan , the United Kingdom . Foreign countries not only have established the catastrophe insurance mechanism, but also have various weather insurance, all of which played an important role in protecting all the industries. Therefore, we put forward the following Suggestions to perfect the weather insurance: perfect related laws and regulations, the government give capital and policy support to the weather insurance, developing the technology of weather information and the determination of the rate, insurance company must strengthen the consciousness in innovation, setting up weather insurance company or special department, introducing and cultivating professional talents, strengthen the consciousness of the industries using weather insurance dealing with weather risk.