RESEARCH ON PROBLEM ANALYSIS AND COUNTERMEASURE OF THE PILOT SCHEMES IN CATASTROPHE INSURANCE

Abstract

Since the operation of the pilot schemes in catastrophe insurance, how to further deepen and popularize the catastrophe insurance system remains to be resolved. This paper discusses: concepts of catastrophe insurance transferring catastrophe risk and co-assistance fit; the “publicity” and “community” of catastrophe risk determine the necessity and limitation of government intervention in catastrophe insurance; there exists a contradiction between catastrophe insurance and law of large numbers and its solution; the degree and mode of intervention between catastrophe insurance’s market dominance and government intervention. Some useful suggestions are put forward for catastrophe insurance system: guide the public to participate in catastrophe insurance by system design; adopt compulsory insurance in frequency-occurring district of catastrophe; establish and improve catastrophe insurance rescue fund; adopt three-level joint guarantee of state insurance, reinsurance and insurance companies; establish and improve the “catastrophe reserve fund”. The pilot schemes in catastrophe insurance do not match the community characteristics of catastrophe risk, so its insurance coverage must be expanded. It is unreasonable that the premium is put to other uses which do not align with its goal; problems of premium operation and supervision can be solved by means of “catastrophe insurance premium trust”.