Abstract
Work Safety Liability Insurance (WSLI) will develop rapidly in the Chinese construction industry as a way combining liability insurance and work safety. The establishment of the premium rate is haunting insurance and construction industry, and having hindered its development. By combining quantitative and qualitative analysis, a multi-criteria comprehensive evaluation model based on fuzzy mathematic is proposed in this paper to calculate the risk coefficient for adjusting basic premium rate of Construction Work Safety Liability Insurance (CWSLI). By following this method, different risk grades of construct project can be appropriately reflected through different premium rate, which can let the leverage of price be exerted adequately.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Some Proposals for the Reformation and Development of the Insurance Industry of the State Council (The Document (2006) No. 23).
Principle of Developing Work Safety Liability Insurance (WSLI) in High-risk Industries of State Administration of Work Safety (The Document (2009) No. 137).
Suggestion on Improving the Security System and Pressing Ahead with Liability Insurance in Work Safety of State Administration of Work Safety (The Document (2006) No. 207).
Qiao Weibin, Chen Guang. Research on Work Safety Liability Insurance for High-risk Industries[M]. China Fiscal and Economic Publishing. Beijing. (2009), p. 139–147.
Notice of Opinions on Work Safety Liability Insurance in Non-coal Mine of Chongqing State Administration of Work Safety (The Document (2008) No. 2).
Ma Yingju. Reference Probability of Death and Injure Relation in Industrial Accidents. Journal of Dalian Railway Institute, Vol. 24: 62–64 (2003).
Lv Kang, Zheng Hong-bo, Zhang Yun. Application of the Model of Improved Fuzzy AHP Synthetic Evaluation in Major Risk Sources Assessment. Liaoning Chemical Industry, January, Vol. 38, No. 1 (2009).
Xizhong Wang, Jin Zhu, Yuhong Dong, et al. Safety evaluation management on the construction based on set pair analysis. Third International Symposium on Intelligent Information Technology Application, Shanghai China, Proceedings, (2009) p. 653–655.
Li Yancang, Suo Juanjuan. Safety Assessment of Construction Engineering Based on Combined Algorithms. International Conference on Intelligent Human–Machine Systems and Cybernetics. Hangzhou, Zhejiang China, (2009) p. 47–50.
Zhang FL, Lai CY, Zhang YJ. Game Analysis Between the Construction Contractor and the Insurance Company Based on the Construction Safety. 2006 Xi’an International Conference of Architecture and Technology, Proceedings, (2006), p. 1015–1019.
Zhou Handong, Jiang Xuelian, Li yanbao. “Study on the Risk-Based Determination of the Premium Rate in Breakwater Construction”. The Ocean Engineering, Vol. 25, No. 3: 40–45 (2007, 8).
Peng Zhuzeng, Sun Weiyu. The Fuzzy Mathematics and Its Applications. Cambridge University Press, Cambridge, 2002:1–47.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Wang, H., Ye, G., Ju, C. (2011). Risk-Based Determination of the Prenium Rate of Construction Work Safety Liability Insurance. In: Wu, D. (eds) Modeling Risk Management in Sustainable Construction. Computational Risk Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-15243-6_13
Download citation
DOI: https://doi.org/10.1007/978-3-642-15243-6_13
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-15242-9
Online ISBN: 978-3-642-15243-6
eBook Packages: Business and EconomicsBusiness and Management (R0)