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
Environmental impact assessment
Needs assessment
Cost benefit analysis
Capital Needs
Insurance Companies
Financial Emergency
Project Risks
Development Banks
Ecological risk assessment
Environmental impact statements
Cumulative effects assessment
Environmental impact analysis
Risk assessment
Country finance
Catastrophe bonds
Insurers
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Citable URI
http://hdl.handle.net/11540/1394Metadata
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