Abstract: China is one of the few countries with the most serious natural disasters in the world. In recent years, China's annual economic losses caused by natural disasters have reached more than 200 billion, accounting for 3% of GDP and 42% of new GDP. Therefore, the demand for catastrophe insurance in China is rising, which is a huge potential market. However, at present, the supply of catastrophe insurance in China is very limited, and many types of insurance against catastrophe risks are almost blank, with a huge gap between supply and demand. The main reason is that China reinsurance market lacks enough market players and funds to reinsurance catastrophe risks. Catastrophe bonds, as a successful way for developed countries to accumulate catastrophe funds and expand the solvency of the insurance industry, can transfer the catastrophe risk of the insurance market to the capital market, thus making up for the lack of funds in the insurance market and providing new development space for various financial institutions. Therefore, issuing catastrophe bonds in China is of great practical significance for China's insurance industry to transfer catastrophe risks. On the basis of in-depth discussion on the connotation, operation mechanism and product characteristics of catastrophe bonds, this paper investigates the issuance and operation of catastrophe bonds in developed countries, especially in the United States, comprehensively analyzes the necessity, feasibility and obstacles of issuing catastrophe bonds in China, and puts forward relevant countermeasures and suggestions.
Keywords: catastrophe risk catastrophe bond trigger conditions reinsurance special purpose reinsurance company
Degree awarding unit: Jilin University
Degree level: Master's degree
Year of degree award: 2007
Classification number: F842F832.5
DOI: China hownet: CDMD: 2.2007.106715.
Content: Abstract 4-6 Introduction 6-9 1. Research background and significance 6 2. Literature review. Research Methods and Contents 8-9 Chapter 1 Basic Principles of Catastrophe Bond Operation 9-20 Section 1 Connotation and Classification of Catastrophe Bond 9- 1 1 Section 2 Characteristic Analysis of Catastrophe Bond 1/3 Section 3 Operation Mechanism and Risk of Catastrophe Bond1 3-65438 Operation and Reference of Catastrophe Bonds in Developed Countries 20-30 Section 1 Causes of Catastrophe Bonds 20-265438 Bonds 27-29 Section 4: Significance and Enlightenment of Issuing Catastrophe Bonds to China Chapter 3: Development of Catastrophe in China 29-30 44 Section 1 Necessity of Developing Catastrophic Bonds in China 30-34 Section 2 Feasibility of Developing Catastrophic Bonds in China 34-36 Section 3 Obstacles Analysis of Developing Catastrophic Bonds in China 36-39 Section 5 Countermeasures and Suggestions for Developing Catastrophic Bonds in China 39-44 Conclusion 44-45 Notes 45-46 References 46-49 Abstract 49-5 1 Abstract 565438+
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Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.