Abstract
With the changing global climate, natural disasters occur frequently, greatly affecting many aspects of our lives. This study objectively discusses the major flood disasters that occurred in China from 1950 to 2014, and makes an explicit demonstration of the disasters, affected areas, and economic losses caused by floods. To study damage-reduction measures, based on Chinese insurance companies’ disaster-related operations, statistics and recommendations along with the status of the Chinese insurance industry are presented. In terms of policy-guided agricultural insurance, a thriving and popular business, governments and insurance companies should continue to strengthen cooperation and expand coverage, striving for policy and model innovation to benefit more farmers. Considering the low number of residents with housing insurance in China, it is proposed that residents in disaster areas should implement pre-disaster defense measures. Considering the costs and benefits, both tangible and intangible, the author holds that residents who live in or wish to move to areas with high incidences of disasters are more willing to undertake pre-disaster precautions, and the government can rely on these residents to implement pre-disaster defense measures. Furthermore, this research suggests that early encouragement by the government could increase residents’ enthusiasm to implement pre-disaster defense measures.

Source: China flood and drought disaster bulletin, 2014. (Color figure online)

Source: China flood and drought disaster bulletin, 2014



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Notes
Data from the weather network, www.weather.com.cn, 1998 floods documentary.
Data from Reuters, www.cnn.com, 10 years since India Ocean tsunami, Dec 26, 2014.
Data from the US Cable News Network.
Data from the US Cable News, www.cnn.com, Haidi donations: $1.3billion, July 9, 2010.
Data from People’s Network www.people.com.cn, Vietnam encountered the most serious drought in a 100 years, Mar 17, 2016.
Data from Global Competitiveness Report 2016–2017.
Data from Bulletin 2014: Flood and Drought Disasters in China.
Source: from www.zhongmin.cn.
Source: 2015 Annual Report China Pacific Insurance (Group) Co., Ltd., and 2015 Annual Report Ping An Insurance (Group) Company Of China, Ltd.
Source: 2014 Bulletin of Insurance Market.
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Acknowledgements
The work was supported by the Program for Projects in Philosophy and Social Science Research of the Ministry of Education of China (Grant No. 14JZD031), the National Natural Science Foundation of China (Grant Nos. 71471001 and 71171001).
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Song, M., Du, Q. Analysis and exploration of damage-reduction measures for flood disasters in China. Ann Oper Res 283, 795–810 (2019). https://doi.org/10.1007/s10479-017-2589-x
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DOI: https://doi.org/10.1007/s10479-017-2589-x