Project Data
Title of Project: Natural Catastrophe Insurance Solutions
Duration: 10/2008 – 10/2011
Objective: Through an enhanced performance of the Chinese insurance sector in the area of weather insurance (weather derivates), the market players (private households and enterprises), who are exposed to higher natural risks, have access to modern instruments of risk management, and through that increase their adaptability to climate change.
German Contribution: 2,000,000.-EUR
Comissioned by: German Federal Ministry for Nature, Environment, and Nuclear Safety (BMU)
Lead executing agency: China Insurance Regulatory Commission (CIRC)
Place: Beijing
Thematic Focus:
- develop an index for weather insurance
- support in product development and distribution for weather insurance
- support in development of a policy framework for weather insurance