Abstract
Except for investors, people usually regard insurance as a tool to transfer unknown risks. We believe that insurance can minimise financial losses when a risk occurs and reduce people's fears when disaster strikes. Therefore, some scholars put forward the hypothesis that people's willingness to buy insurance is related to some force majeure. From the perspective of behavioral finance, this paper selects indicators such as the rate of return of insurance stocks and insurance search index as proxy variables for insurance willingness. It also selects natural disasters and epidemics as proxy variables for force majeure other than government actions (referred to as force majeure in the text). Regression analysis was carried out on the above variables, and it was concluded that force majeure other than government actions was positively correlated with people's willingness to purchase insurance.
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