What is the subject of insurance disaster prevention?

In order to promote the rapid development of catastrophe insurance in China, the following suggestions are put forward:

The first is to establish a cooperation and sharing mechanism led by the government and operated by commercial insurance companies. Because of the complexity of catastrophe risk and huge losses, it is unrealistic for commercial insurance companies to bear the responsibility of diversifying risks alone, and the government should fulfill and bear social responsibilities. In practice, we can follow the example of compulsory automobile insurance and establish a policy and commercial operation mode of catastrophe insurance with commercial insurance companies as the main body. The government should fully understand its leading position and important role in the catastrophe risk management system, and give full support and guarantee in policy, law and economy.

Second, we should consider the comprehensive application of environmental risk dispersion and non-traditional risk dispersion. Such as: borrowing the strong capital strength of the banking industry, strengthening the interaction between the banking and insurance markets, and carrying out in-depth post-disaster financing cooperation; Taking advantage of the public's high recognition of national debt, we will issue national debt specifically for catastrophe risk prevention, take government finance as a guarantee, absorb social idle funds to increase its value, and at the same time raise public awareness of catastrophe risk prevention.

Third, raise public awareness of insurance and strengthen independent defense against catastrophe risks. Improving the participation rate is one of the key factors for the smooth operation of catastrophe insurance. In order to better imitate the principle, realize the full dispersion of risks and improve the awareness of universal insurance, it is a realistic need. Therefore, it is necessary for the government, insurance regulatory agencies and industry associations to strengthen the guidance and publicity for residents and enterprises, so that disaster prevention and mitigation and insurance prevention are deeply rooted in the hearts of the people and enhance the public's ability to take active preventive measures against catastrophe risks.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.