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Academic Journal of Business & Management, 2021, 3(1); doi: 10.25236/AJBM.2021.030111.

The role of insurance in public health emergencies ——Comparative analysis at home and abroad

Author(s)

Benben Ruan

Corresponding Author:
Benben Ruan
Affiliation(s)

School of Economics, Shanghai University, Shanghai 201800, China

Abstract

A novel coronavirus pneumonia outbreak in 2020 has attracted worldwide attention. The strong infectious capacity of the virus has caused severe epidemics both at home and abroad.As a risk management system and "social stabilizer", insurance should play an important role in epidemic prevention and control.This paper compares and analyzes the role of domestic and foreign insurance in public health emergencies from three aspects: medical insurance system and relief payment, commercial insurance economic compensation and insurance investment in disease prevention, and puts forward corresponding policy suggestions to improve the insurance system, so as to enhance the ability of China's insurance to deal with public health emergencies.

Keywords

novel coronavirus pneumonia, epidemic prevention and control, insurance, comparison

Cite This Paper

Benben Ruan. The role of insurance in public health emergencies ——Comparative analysis at home and abroad. Academic Journal of Business & Management (2021) Vol. 3, Issue 1: 88-96. https://doi.org/10.25236/AJBM.2021.030111.

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