Abstract: China is one of the countries suffering most serious earthquake disasters.Earthquake in Yushu,Qinghai Province makes the issue of catastrophe risk management be placed in front of the researchers and policy makers once again.This paper analyzes the development status of the earthquake catastrophe options in China,builds the China's earthquake catastrophe option pricing model and carries out some relevant empirical measurement and discussion,by referring to and improving research findings home and abroad.Through the empirical research of pricing mechanism,this papermakes the necessary policy recommendations to promote development of the earthquake catastrophe options in China.

Key words: earthquake catastrophe options, pricing mechanism, empirical study