Abstract

China urgently needs to develop catastrophe risk management due to the frequent incidence of disasters over the past 50 years, but insurance now only plays a small part in this process. Disaster insurance is a crucial piece of green insurance as well as a strategy for managing catastrophe risk and compensating for catastrophe losses. Academics are currently researching China's catastrophic insurance system using ESG, a novel theory of economic development. The topic of this thesis is catastrophe insurance using the conventional definition of a natural disaster, and it makes creative recommendations for the implementation of a catastrophe insurance system.

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