关键词: 巨灾风险, 保险, 可保性, 可负担性

Abstract: Insurability and affordability is an important prerequisite of the role of insurance in catastrophe risk management framework that cannot be avoided. This article placed insurability and affordability in three different modes. Unlike the traditional perspective considering only the insurability, after discussed the theory and mutual relations between insurability and affordability, we tentatively explored the insurability and affordability under three different catastrophe risk management framework. We believe that, in the private market, catastrophe risk is uninsurable and unaffordable; under the participation of government and capital markets, catastrophe risk became an insurable and limited affordable risk. Therefore, innovation of the catastrophe risk management which is integrated of insurance mechanism, reconstruction and the establishment of the new cooperation mechanism with government, financial markets, insurance industry, regulators and the public will be the key of insurance playing an important role in catastrophe risk management system.

Key words: Catastrophe Risk, Insurance, Insurability, Affordability