Construction Of Catastrophe Risk Financing System With Catastrophic Risk Fund As The Core In China

Frequent natural catastrophes, is the biggest problem of all mankind, especially in the 21st century, hurricanes, earthquakes, tsunamis and other disasters is to many countries and regions, with heavy losses. The context of a global catastrophe frequency, China can hardly immune to the invasion of a catastrophe. The South snowstorm in January 2008, Wenchuan earthquake, southwest of drought in early 2009, Yushu earthquake in 2010, Zhouqu large debris flow in August 2010…Keep the great test of natural disasters, catastrophic risk financing system in China.2011 big earthquake in Japan caused catastrophic economic impact of the cruelty of letting us in person, made us have to rethink this serious problem---how to deal with the human catastrophe caused by the huge losses? For large-scale disaster relief funds come from? At present, China’s catastrophe is mainly dependent on government financing of power, but along with our social security system and works to promote universal health care, catastrophic economic losses caused by a heavy financial burden will therefore establish a multi-country financing system for the main catastrophe imminent.After the Wenchuan earthquake in China, we began to plan for seismic disaster insurance system, but unfortunately because of many reasons not yet introduced. According to international best experience, catastrophe insurance system is a catastrophe risk financing mechanism for the core of the catastrophe insurance and financing system should also be coordinated with the entire development. In view of our catastrophe insurance system also because of the exploratory phase, I believe that the full depth exploration of catastrophic risk financing system based on catastrophe insurance system to establish the right, but has some scientific. It is for Catastrophe Insurance Catastrophe financing and the links between thinking and doing this in-depth theoretical study, combined with China’s characteristics and the existing catastrophe financing framework, in order to build the core catastrophe risk fund Catastrophe Financing System in China.First, the article defines and economic impact of the catastrophe, the insurability of catastrophe, property catastrophe losses, and catastrophe risk financing in-depth study of basic theory, and lays a solid theoretical basis. Then, on the excellent international financing mechanism to conduct a comprehensive analysis of similarities and differences of the financing for the construction of the catastrophe lay the practical guidance; Finally, according to our unique catastrophe financing principles and objectives of building, building a catastrophe risk fund system and multi-channel financing framework, and the feasibility of the system and specific operational areas such as analysis, relevant policies and supporting measures.The article to establish a comprehensive financing system:the collection of government departments and the private sector and other social resources to organically integrate together to form together the financing deal with catastrophe, the catastrophe of the financing for the basic ideas put forward, hoping to play a role in better ideas.