Findings from Yunnan University Reveals New Findings on Disaster Prevention and Management (Minority community willingness to pay for earthquake insurance)

Bioterrorism Week

By a News Reporter-Staff News Editor at Bioterrorism Week -- Fresh data on Disaster Preparedness - Disaster Prevention and Management are presented in a new report. According to news reporting originating from Kunming, People's Republic of China, by NewsRx correspondents, research stated, "The purpose of this paper is to investigate the relationship between potential affecting factors and the local communities' willingness to pay (WTP) for housing earthquake insurance (HEI) in the context of ethnic minority communities. Design/methodology/approach A literature review was done to identify possible factors affecting WTP for HEI."

Our news editors obtained a quote from the research from Yunnan University, "Fieldwork was conducted in 2017 in Dali Minority Autonomous Prefecture, where the first Chinese HEI was launched in 2015. Interviews were done in two earthquake-prone counties, as the main ethnic minority communities in the area. A total of 536 questionnaires were collected and used as empirical data for testing the impacts mechanism. Respondents' risk perception, risk exposure, self-prevention behaviors, government aid, insurance experience and sociodemographic characteristics were hypothesized as theoretical indicators correlated to WTP for HEI. Empirical analysis results predict that WTP for HEI is significantly influenced by risk perception, insurance experience, government aid, and age and out-migrating labors. It is evident that higher risk perception and more insurance experience lead to stronger desire for HEI coverage. However, dependency on government aid negatively affects WTP for HEI. Moreover, WTP for HEI is negative in relation to age and out-migrating labors. Surprisingly, ethnic-culture factors were not statistically significant to WTP for HEI."

According to the news editors, the research concluded: "Originality/value This paper is an attempt to identify and verify factors affecting WTP for HEI, bridging the gap of inadequate research on WTP for HEI in ethnic minority communities."

For more information on this research see: Minority community willingness to pay for earthquake insurance. Disaster Prevention and Management, 2018;27(5):556-572. Disaster Prevention and Management can be contacted at: Emerald Group Publishing Ltd, Howard House, Wagon Lane, Bingley BD16 1WA, W Yorkshire, England. (Emerald Group Publishing - www.emeraldinsight.com; Disaster Prevention and Management - www.emeraldinsight.com/journals.htm?issn=0965-3562)

The news editors report that additional information may be obtained by contacting Z.W. Qian, Yunnan Univ Finance & Econ, Catastroph Risk Management Res Center, Kunming, Yunnan, People's Republic of China (see also Disaster Preparedness - Disaster Prevention and Management).

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1108/DPM-04-2018-0129. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.