Earthquake Risk and Earthquake Catastrophe Insurance for the People’s Republic of China
Wang, Zifa; Lin, Tun; Walker, George | June 2009
Abstract
This paper discusses historical earthquakes and earthquake risk in the People’s Republic of China (PRC) and the recent developments of its earthquake risk reduction efforts. The general principles of earthquake programs are explained and the critical issues of formulating earthquake programs in the PRC are discussed, including lessons from earthquake insurance in other countries and other catastrophe insurance in the PRC, data issues, loss risk modeling issues, financial risk modeling issues, legislative issues, and public awareness issues. The paper concludes with policy suggestions for the Asian Development Bank in the PRC.
Citation
Wang, Zifa; Lin, Tun; Walker, George. 2009. Earthquake Risk and Earthquake Catastrophe Insurance for the People’s Republic of China. © Asian Development Bank. http://hdl.handle.net/11540/1394. License: CC BY 3.0 IGO.Keywords
Project Evaluation & Review Technique
Evaluation Strategies
Evaluation Criteria
Impact Evaluation
Risk Financing
Infrastructure Financing
Financial Risk Management
Financial Crisis
Show allCollapse
Citable URI
http://hdl.handle.net/11540/1394Metadata
Show full item record
Users also downloaded
-
Trademarks and Geographical Indications: Policy Issues and Options in Trade Negotiations and Implementation. Asian Development Review, Vol. 26(1), pp. 166-205
(Asian Development Bank, 2009-03-24)Trademarks and geographical indications have been the focus of contention in bilateral and multilateral trade negotiations and in the implementation of agreed trade obligations and regulations among World Trade Organization members, including partners ...
Related items
-
Reconstruction and Rehabilitation After the 2001 Gujarat Earthquake
(Asian Development Bank, 2011-07-01)In January 2001, the state of Gujarat in India experienced the worst earthquake to hit the state in the last 50 years. Destruction was massive and widespread. Knowing that post-disaster assistance must come swiftly, focus on restoring facilities and ... -
Urban Innovations and Best Practices: Earthquake and Tsunami Emergency Support Project (ETESP)
(Asian Development Bank, 2009-10-15)Reconstruction and rehabilitation of housing in Aceh and Nias, Indonesia, which were destroyed by the dramatic earthquake and tsunami of 26 December 2004 (and a subsequent major earthquake in Nias on 28 March 2005), has become a major effort of a large ... -
Applying the Natural Disasters Vulnerability Evaluation Model to the March 2011 North-East Japan Earthquake and Tsunami
(Wiley, 2014-06-06)Natural hazards have a potentially large impact on economic growth, but measuring their economic impact is subject to a great deal of uncertainty. The central objective of this paper is to demonstrate a model—the natural disasters vulnerability evaluation ...