Research on Catastrophe Risk Financing Mode for Tailings Pond Dam Break

Abstract

Aiming at disaster relief emergency fund for tailings pond dam break and financing channels of compensation after disaster in China, with the goal of achieving passing and decentralization of tailings pond dam break risk and reducing the impact on social economic to the utmost, this thesis studied on catastrophe risk financing mode for tailings pond dam break. Through analysis, four main problems were obtained, including risks in relevant system of tailings pond dam break risk financing have not been effectively transferred, occupying production funds of enterprises, insufficient total amount of financing and narrow scope of compensation. Further integrating with foreign catastrophe risk financing experience and application cases of floods, earthquakes and others, catastrophe risk financing mode and operating mechanism suitable for China’s tailings pond dam break were put forward, catastrophe risk financing management mode dominated by government and assisted by commercial insurance company was formed, with the effectiveness and feasibility of such mode guaranteed through insurance technology, engineering risk prevention and increasing of coverage of insurance program.