近二十年来,全球重大自然灾害频发。伴随着经济的快速发展和社会财富的不断积累,因灾所致经济损失数额持续攀升。人类社会对巨灾风险防范的需求日益增加而且愈加迫切。对此,全球保险业通过提高保险深度,增加保险密度,加大保险产品创新力度,在巨灾风险防范领域,发挥出越来越重要的作用。其中,通过发行巨灾债券,将巨灾风险在资本市场上 In the past two decades, major natural disasters in the world have been frequent. With the rapid economic development and the continuous accumulation of social wealth, the amount of economic losses caused by the disaster continued to rise. The need of human society to prevent catastrophic risks is increasing and urgent. In this regard, the global insurance industry has played an increasingly important role in the prevention of catastrophic catastrophe by improving the insurance depth, increasing the insurance density and increasing the innovation of insurance products. Among them, by catastrophe bonds issued, the risk of catastrophe in the capital market