Abstract
AbstractAgainst the background of global climate change and rapid urbanization, all kinds of catastrophic events occur, which challenge regional socio‐economic and sustainable development. This Forum contribution introduces the tools and systems of catastrophe risk transfer and its characteristics in practice. The case is then made that the catastrophe risk transfer system needs to be innovated. It is found that the current catastrophe risk transfer system in China cannot on its own meet the needs of catastrophe risk transfer. This contribution argues that a lottery mechanism is one important means for catastrophe risk transfer. Its basic function is risk transfer and thereby raises funds for disaster recovery and reconstruction. Finally, this contribution suggests ways in which to normalize the independent issuance of catastrophe lottery, to strengthen the relevant research work for catastrophe lottery and to explore the catastrophe risk transfer mode of the combination of catastrophe lottery and disaster insurance.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
