From Dec 8 to 9, 2009, Second International Conference on Asian Catastrophe Insurance is opened successfully in Ritz-Carlton Hotel on Jinrong Road, Beijing. This conference is jointly organized by Beijing Normal University and Kyoto University. In accordance with the requirements of catastrophe risk management method and insurance in Asia, there’s broad and thorough report and discussion on the topic of Integration of Science, Finance and Catastrophe Insurance based on catastrophe risk science, catastrophe risk finance, catastrophe risk insurance and catastrophe risk management in Asia.
Professor Zhong Binglin, President of Beijing Normal University, Secretary General of Insurance Association of China Yi Sheng, Director of Department of Catastrophe & Poverty Relief of Ministry of Civil Affairs Zou Ming, Eugene Gurenko from World Bank, Professor Paul R. Kleindorfer from University of Pennsylvania Wharton School of Business, Professor Charles Scawthorn from SPA Co., Ltd. attend the opening ceremony and make speeches. Professor Shi Peijun, Executive Vice President of Beijing Normal University and Professor Hirozumi Tatano from Disaster Prevention Research Institute of Kyoto University preside the opening ceremony.
There are 200 conference attendees in total, including leaders from National Development and Reform Commission, Ministry of Finance, Ministry of Civil Affairs, China Insurance Regulatory Commission and Insurance Association of China, leaders from The People’s Insurance Company (Group) of China Limited, China Reinsurance (Group) Corporation, famous scholars from University of Pennsylvania Wharton School of Business, Beijing Normal University, Kyoto University, Peking University, Renmin University of China, University of International Business and Economics, Tsinghua University, Florida Institute of Technology, Akita University, expects from Global Earthquake Model Foundation, and representatives from a large number of foreign and domestic insurance, reinsurance, insurance agency and international natural disaster and emergency management organizations.
Professor Paul R. Kleindorfer from University of Pennsylvania Wharton School of Business makes a special report titled The Interdependent Relationship between Science and Finance; over 30 representatives including Professor Shi Peijun make reports on 6 topics of Asian Catastrophe and Science, China’s Catastrophe and Science, Asian Catastrophe Finance, China’s Catastrophe Finance, Asian Catastrophe Management and China’s Catastrophe Management and communicate and discuss with the conference attendees; in the form of round table conference, there’s warm discussion on the problems such as how to integrate catastrophe research progress and finance measures into catastrophe insurance.
Focused on natural disaster insurance in Asia and China, especially catastrophe insurance, this conference thoroughly discusses the innovation of risk insurance theory and exchanges the design and implementation of catastrophe risk insurance system. It’s of great reference significance to China on how to prevent the increasing catastrophe risk in the background of global climate change, globalization, quick economic development and urbanization. As a summary, the conference reached that scientific understanding of catastrophe risk should be strengthened in research, especially the development and application of catastrophe risk quantitative model; as for finance measures, more emphasis should be put on the combination with insurance to disperse the risk as for comprehensive risk prevention, government catastrophe subsidy should be combined with the market means such as transfer of disaster risk insurance.
A large number of media representatives including Xinhua News Agency, People’s Daily, China Insurance News, Financial News, International Finance News, China Academy of Social Science Review, International Business Daily and Oriental Morning Post -and SOHU etc. attend the conference.
Organized by Beijing Jingshiantai Disaster Reduction and Emergency Management Technology Center, the conference is substantially supported by Willis Group Holdings Limited, FM Global and Jiang Tai Insurance Broker.
For detailed information, please visit the conference website: