Discussion on the Earthquake Insurance in China Drawing on the International Experience

摘要

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.