Analysis on the current status and countermeasures of flood catastrophe insurance
WANG Yanyun
ZHOU Junhua
LYU Juan
Abstract：As a market-oriented risk transfer mechanism,flood catastrophe insurance is an important economic risk dispersion tool among non-engineering flood control measures..It plays a significant role in maintaining the stability of production and life in disaster areas and facilitating post-disaster reconstruction.Unlike ordinary commercial insurance,insurance for disastrous floods is not realistically measurable,and once a flood disaster occurs,most insured objects will suffer losses simultaneously that impose great impact on insurance companies.Due to the facts that the insurance mechanism is still in its infancy,lacking of technology and awareness of the public,the role of insurance in risk diversification and loss compensation has not been fully played.Currently,a number of issues exist in China,such as lacking of a systematic legal and regulatory system,a mature market and a perfect risk diversification system.It is necessary to popularize the insurance,strengthen technology development and application,raise public awareness and willingness of purchasing insurance.It is also urgent to deepen integration of insurance for disastrous floods with national policies for disaster reduction through reinforcement of legislation,policy making,risk mitigation,supply-side structural reform and popularization of insurance for disastrous floods.
Keywords：insurance for disastrous floodsrisk diversificationlong-term mechanismdisastrous flood model
Publication Date：2025-06-30
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：5( 52-56 )