Catastrophic risk is defined as the special risk which caused by force majeure such as earthquakes, typhoons, floods and terrorist activity, once occurred it may cause many damaged insurance subject matters and may bring a very great loss to the safety of wealth and life of human society. With the continuous development of the economic, the losses caused by catastrophic risk are also rising, and the loss is too heavy to afford for a country. So the countries around the world have set up a variety of catastrophe insurance systems to deal with the risks brought about by catastrophic losses.China often suffers from the catastrophic risks. The snowstorm, drought and earthquakes occurred in 2008 bring about significant losses and casualties to our country, which severely affected the social and economic development of our country. The several disasters reflect the position of insurance in our country's disaster aid system is too low, highlights the urgency of speed up the establishment of the catastrophe insurance system. So our country should set up and perfect a catastrophe insurance system, which means setting up an "insurance barriers" after the catastrophe happened.This article first has an international comparison of the catastrophe insurance system, then sum up the successful experience of the countries around the world on how to build a catastrophe insurance system and make a combination to the practice of China, so as to arrive at the initial idea on the construction of the catastrophe insurance system in China.This article has four chapters except the introduction. The first chapter: an overview of catastrophe insurance system. This chapter makes an introduction of the meaning of the catastrophic risk, catastrophe insurance, as well as the catastrophe insurance system, and also makes a game analysis of the catastrophe insurance market, which makes a preparation of the theoretical foundation for the analysis below. The second chapter: The comparative analysis of the catastrophe insurance system of countries. This chapter makes a comparative analysis of the successful catastrophe insurance system around the world, and draws some useful experiences about the legal system, model types, the core institutions, implementation methods and risk control methods. The third chapter: The analysis of the current situation of the catastrophe insurance system in China. This article mainly makes an analysis of the agricultural insurance, earthquake insurance and flood insurance of China, and also makes an economic analysis of the catastrophe insurance system in China, which lay the foundation of the concept of the construction of the catastrophe insurance system. The fourth chapter: The initial concept of the catastrophe insurance system in China. This article puts forward the basic framework of the construction of the catastrophe insurance system in China: Building a legal system for the catastrophe insurance system; Implementing the subsidy policy supported by state finance; Building a multi-level mechanism to spread the catastrophe risks; Building a support systems for the Catastrophe insurance system. |