“巨灾债券产生于传统保险业和再保险业巨灾风险承保能力不足的背景,是对保险行业在无力完全承担巨灾风险时一种新型的再保险手段。”近年来,因气候环境的变化和人类活动的影响,各种自然巨灾和人为巨灾频繁发生,给各国带来了严重的人员伤亡和财产损失。在过去的一年中,全球发生的自然巨灾和人为巨灾共353起,是有历史记载以来最多的一年。其中,自然巨灾共198起,共造成800亿美元左右的损失;人为灾害155起,损失累计达120亿美元。从巨灾发生分布来 “Catastrophe bonds originate in the background of inadequate coverage of catastrophe risk in traditional insurance and reinsurance and are a new type of reinsurance for the insurance industry when it is unable to fully absorb catastrophe risk.” "In recent years, Changes and the impact of human activities, various natural catastrophes and man-made catastrophes frequently occur, causing serious human casualties and property losses to all countries. In the past year, natural catastrophes and man-made catastrophes took place in the world with a total of 353 cases, the highest since the historical records. Among them, a total of 198 natural catastrophes caused a total loss of about 80 billion U.S. dollars and 155 man-made disasters, totaling 12 billion U.S. dollars. Distribution occurred from the catastrophe