NDLI: Analysis on earthquake loss compensation system from Japan

Content Provider	IEEE Xplore Digital Library
Author	Qi, Chao Chen, Fang-zheng
Copyright Year	2011
Description	Author affiliation: Sport Events Research Center, Shanghai University of Sport, China, 200438 (Qi, Chao) \|\| School of Economics and Management, Tongji University, Shanghai, China, 200092 (Chen, Fang-zheng)
Abstract	Earthquake is one of the serious disasters which may induce heavy casualties and economic losses. Japan is a country with frequent earthquake disasters. Administrative authority for disaster management in Japan covers the central government, local governments and public institutions. Earthquake insurance has become the important way to manage significant disastrous risk in Japan. As a socialized system for disaster loss dispersal, insurance against earthquake does not play a role in China. Financial aid from Government makes the main body of loss compensation system. Commercial insurance coverage does not play a role in bear disaster loss. Victims take main loss in disaster. After analyzing current earthquake insurance model and investigating practice from Japan for reference, it reveals that construction of earthquake risks diversification relies on inevitability of government function changed, improvement of insurance market and emphasis the demotic consciousness in China.
Starting Page	497
Ending Page	502
File Size	298769
Page Count	6
File Format	PDF
ISBN	9781457703690
e-ISBN	9781457703683
DOI	10.1109/ISCRAM.2011.6184047
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-11-25
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Industries Japan model Local government Earthquake disaster Earthquakes Insurance Companies Risk diversification Loss Compensation
Content Type	Text
Resource Type	Article

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