Bleeding Dragon

Lai, Jenny; Powers, Imelda Y.
March 2009
Risk Management (00355593);Mar2009, Vol. 56 Issue 2, p38
Trade Publication
The article discusses managing catastrophic risk in China. So far during the 21st century, China has experienced 24 of the 100 deadliest natural catastrophes. However, most businesses and individuals in China choose to self-insure. Insured losses from the Sichuan earthquake in 2008, for example, amounted to just 5% of total losses. Good risk management suggests that China should make greater use of insurance. Personal, commercial, and catastrophic insurance are all products China could benefit from.


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