ECONOMIC LOSSES CAUSED BY CATASTROPHE & COMPENSATION MECHANISM IN CHINA

As China has been one of the countries that had stricken by natural disasters most seriously in the world, and the vast lossesbrought great pressure to our finance and insurance, how to fully bring the compensa-tion mechanism of disaster into play is the key question needed to solve.After described the natural disasters we are facing and the losses they will bring, we discussed the compensation mechanism of disaster in our country at present, and some proposals are presented.