The Role of Insurance Industry in Urban Disaster Prevention and Mitigation

Shuhong He () and Qi Lei
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Shuhong He: Yunnan University
Qi Lei: Yunnan University

A chapter in Proceedings of the 10th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2022), 2023, pp 11-17 from Springer

Abstract: Abstract Fighting against with disasters is an eternal issue that human beings are facing. With the advancement of urbanization in China, more and more cities will be exposed to disaster risks. From the point of view of ensuring people's livelihood, maintaining long-term social stability and national prosperity and stability, insurance, as a social "stabilizer", should play a vital role in urban disaster prevention and mitigation. Combined with the advanced experience of urban disaster prevention and mitigation at home and abroad, the role of insurance in urban disaster prevention and mitigation is mainly reflected in the following two aspects: first, the insurance industry participates in assisting the government in disaster prevention and mitigation, which can reduce the risk and exposure of urban disaster victims; second, insurance companies and the government bear post-disaster losses and reconstruction, so as to improve the level of urban risk management and enhance urban resilience.

Keywords: Insurance Industry; Urban Disaster Prevention and Mitigation; Urban Risk Management (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-194-4_3

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DOI: 10.2991/978-94-6463-194-4_3

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