Core Insights - The development of disaster insurance in China has accelerated in recent years, but there is still significant room for improvement in the overall system [1][2] - The government-led disaster relief mechanisms have limitations, and insurance mechanisms are becoming an ideal means to address uncertainties related to disasters due to their precise compensation and multi-dimensional risk diversification capabilities [1] Group 1: Current State of Disaster Insurance - As of the first half of 2025, natural disasters in China affected 25.037 million people, resulting in 307 deaths or missing persons, and causing direct economic losses of 54.11 billion yuan [1] - Since 2023, the cumulative compensation for major disasters has exceeded 29 billion yuan, providing over 22 trillion yuan in coverage for more than 64 million households [1] Group 2: Challenges and Areas for Improvement - The insurance service for disaster prevention and control has significant room for improvement, including low compensation ratios compared to international standards, insufficient legal frameworks, and weak public awareness of insurance [2] - The development of disaster insurance faces challenges such as limited coverage, low willingness to pay, and a lack of comprehensive institutional design [2] Group 3: Recommendations for Future Development - The report suggests four key recommendations: innovate development concepts to return to market principles, establish a multi-layered insurance system with clear responsibilities, set a development goal for 2035 to reach global average compensation rates, and focus on addressing gaps in personal property insurance and optimizing agricultural and catastrophe insurance [2]