Design of Cross-regional Typhoon Catastrophe Insurance Fund

As an important means to spread the catastrophe, the catastrophe insurance fund has aroused wide public concern of the government and in all sectors. Although the catastrophe insurance system of Shenzhen and Ningbo have established in 2014, limited to the dependence of government finance, this new system is difficult to promote in other regions. Therefore, comparing the different models and defects existing, the essay proposes to establish a cross-regional typhoon catastrophe insurance fund which fits our national conditions. Then the essay uses empirical methods to divide 11 coastal regions into different premiums levels, and set up the proportion of the initial allocation funds according to the level of regional economic development. The paper finally gives the conclusions and policy recommendations.