In order to solve the game problem between the insurance demand of civil explosive production enterprises for transferring high risks and the declinature from insurance companies,the revised risk analysis method of operating conditions was adopted,and a risk management framework for civil explosive production was established.Risk identification,risk level measurement,risk control and other processes are analyzed according to indexes including the possibility of actual accidents occurring in the production process of civil explosive enterprises,the frequency of exposure to hazardous environment,loss etc.Then the final systemic risk value D is calculated and the risk is divided into expected loss risk,unexpected loss risk and catastrophic loss risk according to different ranges of D value.Control and financial risk management technologies can promote risk reduction to a certain extent,while financial insurance transfer is one of the most effective risk management technologies for civil explosive enterprises facing the most common unexpected loss risks.However,the high loss rate of high-risk civil explosive industry will inevitably make the commercial insurance company refuse insurance,leading to the dilemma of civil explosive production enterprises unable to transfer the risk.This paper argues that industrial explosive production enterprises can purchase group insurance and liability insurance.Enhanced integration of Internet and explosive production can provide many insurance subjects with homogeneous risk,and thus solve the problem of asymmetric information.These measures can help to solve the “prisoner′s dilemma” between the traditional industrial explosive risk management and declinature from insurance company.