In response to climate change risks, catastrophe insurance weaves a dense "safety net" for disaster prevention and reduction

Catastrophe insurance, as an important tool for addressing the risks of natural disasters, not only plays a role in providing insurance protection but is also closely linked to environmental issues within ESG, playing a significant role in combating climate change. Currently, comprehensive catastrophe insurance pilot programs have been implemented in more than 20 provinces in China, further strengthening the "safety net" for disaster prevention and mitigation. Industry insiders indicate that, from the current situation, China's catastrophe insurance still faces challenges such as a significant protection gap and limited coverage. To promote the development of catastrophe insurance, it is necessary to further expand its coverage, enhance technological empowerment, and improve risk diversification channels in the future. (China Securities Journal)