Discuss the Earthquake Insurance in China Drawing on the International Experience

DOI

10.2991/rac-18.2018.90How to use a DOI?

Keywords

Earthquake Insurance, Direct economic loss, Catastrophe compensation mechanism

Abstract

Earthquake Insurance is attracting more and more attention in China with the development of economy and society，specially after 2008 Wenchuan Ms 8.0 earthquake. Earthquake Insurance is more difficult to popularize than other disaster’s insurance because it is a sudden and strong destructive catastrophe with serious secondary disaster. The development of Earthquake Insurance in China is reviewed and the successful experiences of popularizing Earthquake Insurance are summed up through the comprehensive comparison with the 3 typical earthquake insurance systems. The relationship between direct economic loss and earthquake magnitude is studied with 122 earthquakes from 2006 to 2017. Finally, corresponding suggestions and countermeasures are put forward in view of the difficulties and problems faced by China's earthquake insurance.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Long Wang
AU  - Aiwen Liu
AU  - Qiumei He
AU  - Na Yang
AU  - Sen Qiao
PY  - 2018/10
DA  - 2018/10
TI  - Discuss the Earthquake Insurance in China Drawing on the International Experience
BT  - Proceedings of the 8th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2018)
PB  - Atlantis Press
SP  - 573
EP  - 578
SN  - 2352-5428
UR  - https://doi.org/10.2991/rac-18.2018.90
DO  - 10.2991/rac-18.2018.90
ID  - Wang2018/10
ER  -