Research On The Catastrophe Insurance Fund Model In China

In the20th century, the number of natural disasters has a growing trend inour country. Frequent catastrophe irsk has caused heavy losses to the society.For example, the snow disaster in2008, The5-12WenChuan earthquake, TheYuShu earthquake, caused not only a large number of personnel casualties, butalso heavy losses. Facing huge natural disasters，catastrophe ifnancing system inChina is very weak, mainly through government funding, social donations, etc.However，there is an essencial difference between Catastrophe insurancefunds and other funds. Catastrophe has some characteirstics. Like a lowprobability of happence，huge losses and regional imbalance. When catastrophedisasters happen, catastrophe insurance funds may face seirous diiffculties inpayment.In combination with the Catastrophe risk management in China, it isnecessary to research catastrophe insurance funds to solve dilemma problem andexplore the establishment of catastrophe insurance funds.The paper uses samples of insurance company to analyze the solvencydilemma of catastrophe compensation fund, which is from another perspectiveto study the stability of the catastrophe insurance funds.In our paper, there are six parts to discuss the establishment of catastropheinsurance fund model and the main influence factors when catastropheinsurance fund reimbursement dilemma.The contents of each part is roughly asfollowing:The first part is introduction, which introduces the research background.The second part can be divided into two blocks，respectively reviews relevantforeign literature and introduces foreign catastrophe insurance fund.The third part discusses the current*situation of catastrophe irskmanagement.The fourth part is empirical analysis. Our purpose is to get the loss model inthis part. The iftfh part mainly uses the loss model of catastrophe insurance fund andstochastic simulation method to analyze the main factors of Reimbursementdilemma.The last part is conclusion.