Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions

Tao Zhang; Xinyi Ma; Dongyang Wu; Jinping Wang

doi:doi:10.11648/j.ijnrem.20220702.14

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Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions

Tao Zhang, Xinyi Ma, Dongyang Wu, Jinping Wang

Published in International Journal of Natural Resource Ecology and Management (Volume 7, Issue 2)

Received: 1 June 2022 Accepted: Published: 8 June 2022

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Abstract

With the warming global climate and the acceleration of industrialization and urbanization, the impact of natural disasters on human beings is becoming increasingly significant. How to reduce the loss of human production and life caused by natural disasters has always been a common problem faced by all countries in the world. As an important tool for dispersing natural disaster risks, insurance is indispensable for enhancing the resilience of economic and social development against risks. Developed countries are constantly exploring and improving related systems and models, as is the case with UK, Japan, the United States, France, represented by different insurance models. The geological survey has played an important role in supporting the development of natural disaster insurance system. There are many types of natural disasters with wide distribution and high frequency in China, but the development of natural disaster insurance lags behind. In addition to such factors as the imperfect legal system and low willingness to purchase insurance, the lack of technical support for natural disasters provided by insurance companies is also an important reason. In order to promote the establishment of a natural disaster insurance system, China needs to learn from the relevant experience of developed countries, strengthen the natural disaster survey, basic geological survey, and promote the formulation of relevant standards for delimitating and classifying insurance types, so as to provide professional technical support for the perfection of natural disaster insurance system.

Published in	International Journal of Natural Resource Ecology and Management (Volume 7, Issue 2)
DOI	10.11648/j.ijnrem.20220702.14
Page(s)	93-98
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Natural Disaster, Natural Disaster Insurance, Geological Survey, Natural Disaster Insurance in China

References

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APA Style

Tao Zhang, Xinyi Ma, Dongyang Wu, Jinping Wang. (2022). Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions. International Journal of Natural Resource Ecology and Management, 7(2), 93-98. https://doi.org/10.11648/j.ijnrem.20220702.14

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ACS Style

Tao Zhang; Xinyi Ma; Dongyang Wu; Jinping Wang. Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions. Int. J. Nat. Resour. Ecol. Manag. 2022, 7(2), 93-98. doi: 10.11648/j.ijnrem.20220702.14

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AMA Style

Tao Zhang, Xinyi Ma, Dongyang Wu, Jinping Wang. Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions. Int J Nat Resour Ecol Manag. 2022;7(2):93-98. doi: 10.11648/j.ijnrem.20220702.14

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@article{10.11648/j.ijnrem.20220702.14,
  author = {Tao Zhang and Xinyi Ma and Dongyang Wu and Jinping Wang},
  title = {Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions},
  journal = {International Journal of Natural Resource Ecology and Management},
  volume = {7},
  number = {2},
  pages = {93-98},
  doi = {10.11648/j.ijnrem.20220702.14},
  url = {https://doi.org/10.11648/j.ijnrem.20220702.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijnrem.20220702.14},
  abstract = {With the warming global climate and the acceleration of industrialization and urbanization, the impact of natural disasters on human beings is becoming increasingly significant. How to reduce the loss of human production and life caused by natural disasters has always been a common problem faced by all countries in the world. As an important tool for dispersing natural disaster risks, insurance is indispensable for enhancing the resilience of economic and social development against risks. Developed countries are constantly exploring and improving related systems and models, as is the case with UK, Japan, the United States, France, represented by different insurance models. The geological survey has played an important role in supporting the development of natural disaster insurance system. There are many types of natural disasters with wide distribution and high frequency in China, but the development of natural disaster insurance lags behind. In addition to such factors as the imperfect legal system and low willingness to purchase insurance, the lack of technical support for natural disasters provided by insurance companies is also an important reason. In order to promote the establishment of a natural disaster insurance system, China needs to learn from the relevant experience of developed countries, strengthen the natural disaster survey, basic geological survey, and promote the formulation of relevant standards for delimitating and classifying insurance types, so as to provide professional technical support for the perfection of natural disaster insurance system.},
 year = {2022}
}

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TY  - JOUR
T1  - Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions
AU  - Tao Zhang
AU  - Xinyi Ma
AU  - Dongyang Wu
AU  - Jinping Wang
Y1  - 2022/06/08
PY  - 2022
N1  - https://doi.org/10.11648/j.ijnrem.20220702.14
DO  - 10.11648/j.ijnrem.20220702.14
T2  - International Journal of Natural Resource Ecology and Management
JF  - International Journal of Natural Resource Ecology and Management
JO  - International Journal of Natural Resource Ecology and Management
SP  - 93
EP  - 98
PB  - Science Publishing Group
SN  - 2575-3061
UR  - https://doi.org/10.11648/j.ijnrem.20220702.14
AB  - With the warming global climate and the acceleration of industrialization and urbanization, the impact of natural disasters on human beings is becoming increasingly significant. How to reduce the loss of human production and life caused by natural disasters has always been a common problem faced by all countries in the world. As an important tool for dispersing natural disaster risks, insurance is indispensable for enhancing the resilience of economic and social development against risks. Developed countries are constantly exploring and improving related systems and models, as is the case with UK, Japan, the United States, France, represented by different insurance models. The geological survey has played an important role in supporting the development of natural disaster insurance system. There are many types of natural disasters with wide distribution and high frequency in China, but the development of natural disaster insurance lags behind. In addition to such factors as the imperfect legal system and low willingness to purchase insurance, the lack of technical support for natural disasters provided by insurance companies is also an important reason. In order to promote the establishment of a natural disaster insurance system, China needs to learn from the relevant experience of developed countries, strengthen the natural disaster survey, basic geological survey, and promote the formulation of relevant standards for delimitating and classifying insurance types, so as to provide professional technical support for the perfection of natural disaster insurance system.
VL  - 7
IS  - 2
ER  -

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Author Information

Tao Zhang

Development Research Center of China Geological Survey, Beijing, China
Xinyi Ma

Beijing 21st Century International School, Beijing, China
Dongyang Wu

The High School Affiliated to Renmin University of China, Beijing, China
Jinping Wang

Lanzhou Information Center, Chinese Academy of Sciences, Lanzhou, China

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APA Style

Tao Zhang, Xinyi Ma, Dongyang Wu, Jinping Wang. (2022). Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions. International Journal of Natural Resource Ecology and Management, 7(2), 93-98. https://doi.org/10.11648/j.ijnrem.20220702.14

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ACS Style

Tao Zhang; Xinyi Ma; Dongyang Wu; Jinping Wang. Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions. Int. J. Nat. Resour. Ecol. Manag. 2022, 7(2), 93-98. doi: 10.11648/j.ijnrem.20220702.14

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AMA Style

Tao Zhang, Xinyi Ma, Dongyang Wu, Jinping Wang. Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions. Int J Nat Resour Ecol Manag. 2022;7(2):93-98. doi: 10.11648/j.ijnrem.20220702.14

Copy | Download

@article{10.11648/j.ijnrem.20220702.14,
  author = {Tao Zhang and Xinyi Ma and Dongyang Wu and Jinping Wang},
  title = {Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions},
  journal = {International Journal of Natural Resource Ecology and Management},
  volume = {7},
  number = {2},
  pages = {93-98},
  doi = {10.11648/j.ijnrem.20220702.14},
  url = {https://doi.org/10.11648/j.ijnrem.20220702.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijnrem.20220702.14},
  abstract = {With the warming global climate and the acceleration of industrialization and urbanization, the impact of natural disasters on human beings is becoming increasingly significant. How to reduce the loss of human production and life caused by natural disasters has always been a common problem faced by all countries in the world. As an important tool for dispersing natural disaster risks, insurance is indispensable for enhancing the resilience of economic and social development against risks. Developed countries are constantly exploring and improving related systems and models, as is the case with UK, Japan, the United States, France, represented by different insurance models. The geological survey has played an important role in supporting the development of natural disaster insurance system. There are many types of natural disasters with wide distribution and high frequency in China, but the development of natural disaster insurance lags behind. In addition to such factors as the imperfect legal system and low willingness to purchase insurance, the lack of technical support for natural disasters provided by insurance companies is also an important reason. In order to promote the establishment of a natural disaster insurance system, China needs to learn from the relevant experience of developed countries, strengthen the natural disaster survey, basic geological survey, and promote the formulation of relevant standards for delimitating and classifying insurance types, so as to provide professional technical support for the perfection of natural disaster insurance system.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Natural Disaster Insurance in China: Model Reference, Development Challenges and Suggestions
AU  - Tao Zhang
AU  - Xinyi Ma
AU  - Dongyang Wu
AU  - Jinping Wang
Y1  - 2022/06/08
PY  - 2022
N1  - https://doi.org/10.11648/j.ijnrem.20220702.14
DO  - 10.11648/j.ijnrem.20220702.14
T2  - International Journal of Natural Resource Ecology and Management
JF  - International Journal of Natural Resource Ecology and Management
JO  - International Journal of Natural Resource Ecology and Management
SP  - 93
EP  - 98
PB  - Science Publishing Group
SN  - 2575-3061
UR  - https://doi.org/10.11648/j.ijnrem.20220702.14
AB  - With the warming global climate and the acceleration of industrialization and urbanization, the impact of natural disasters on human beings is becoming increasingly significant. How to reduce the loss of human production and life caused by natural disasters has always been a common problem faced by all countries in the world. As an important tool for dispersing natural disaster risks, insurance is indispensable for enhancing the resilience of economic and social development against risks. Developed countries are constantly exploring and improving related systems and models, as is the case with UK, Japan, the United States, France, represented by different insurance models. The geological survey has played an important role in supporting the development of natural disaster insurance system. There are many types of natural disasters with wide distribution and high frequency in China, but the development of natural disaster insurance lags behind. In addition to such factors as the imperfect legal system and low willingness to purchase insurance, the lack of technical support for natural disasters provided by insurance companies is also an important reason. In order to promote the establishment of a natural disaster insurance system, China needs to learn from the relevant experience of developed countries, strengthen the natural disaster survey, basic geological survey, and promote the formulation of relevant standards for delimitating and classifying insurance types, so as to provide professional technical support for the perfection of natural disaster insurance system.
VL  - 7
IS  - 2
ER  -

Copy | Download