天气指数保险及创新产品的比较研究

A Comparative Study on Innovative Weather Index Insurance Products

本文从天气指数保险及衍生品创新的本质和内涵出发,通过三组比较来进行分析。首先是进行天气指数保险和传统保险的比较,进而了解天气指数保险在理赔流程上的变化以及从风险导因出发的风险管控形式;其次是天气指数保险和天气指数衍生品之间的比较,了解这两种天气指数保险创新形式的内在联系与实质区别,提出天气指数衍生品就是天气指数保险在资本市场的应用延伸;最后通过天气指数衍生品和传统金融衍生品的比较,得出两者并非替代关系而是互补关系,提出需要推出天气指数衍生产品进行有效的风险管理。

From the respects of essence and connotation, this paper studied the innovative weather index insurance products through three groups of comparative analysis. Firstly, by the comparison between weather index insurance and traditional insurance we revealed the change of claims process of weather index insurance and the form of haz- ard-oriented risk management. Secondly, by the comparison between weather index insurances and weather index derivatives, we studied the inner connection and essential differences between them, and put forward that weather in- dex derivative was the application of weather index insurance in the capital market. Thirdly, by the comparison be- tween weather index derivatives and traditional financial derivatives, we demonstrated that they were complementary instead of substitutive, and we should use weather index derivatives to conduct effective risk management.