保险风险证券化——巨灾债券

Insurance risk securitization——catastrophe bond

巨灾债券作为连接资本市场和保险市场的工具,既分散了保险的风险,又为投资者增加了投资品种。本文分析了巨灾债券出现的原因,系统阐述了巨灾债券的定义和基本架构。并分析了巨灾债券的优缺点。最后提出在我国发展巨灾债券的建议。

Catastrophe bond, as a tool connecting insurance market and capital market, can spread around risk of insurance, and provide for investors new invest product. This paper analyzes the reason of launching Catastrophe bond, expounds the definition and fundamental structure, and discusses the merit and demerit of Catastriophe bond. In the end, this paper sets forth the advice of developing Catastrophe bond in China.