Inquisition of Counter-Cyclical Regulation in Chinas Life Insurance Industry:based on the Empirical Analysis for Life Insurances Underwriting Cycle
This paper examines the evolutionary relationships among the growth rate of total premium, life insurance premium and GDP during the past twenty years and conducts a empirical analysis towards the underwriting cycle of life insurance market.The result show that although Chinas insurance industry grow as fast as economic development, the growth of overall insurance premium and life insurance premium has a big fluctuation.Empirical results show that Life insurance premium is positively related to interest rate, consumer price level, Individual cash expenditure on health which is along the business cycle, meanwhile, its also significantly affected by institutional factors.Based on these, this paper investigate how to strengthen the counter-cyclical risk management mechanism of life insurance industry and how to promote the healthy development of life insurance industry by applying appropriate policies, improving the system and taking favorable regulation in the post-financial crisis era.
Life insurance industry Underwriting cycle Affecting factors Counter-cyclical regulation
Weng Xiaodan Zhu Shaojie Cao Yue
Shanghai Institute of Foreign Trade, Shanghai, P.R.China, 201610
国际会议
The 5th Conference on Chinas Economic Operation Risk Management(2011`Shanghai)(第五届中国立信风险管理论坛)
上海
英文
305-314
2011-11-04（万方平台首次上网日期，不代表论文的发表时间）