Analysis of advantage and disadvantage of development of professional insurance of China
Youyun Li
Abstract
Youyun Li
Abstract
Professional insurance companies have the characteristics such as high risk management efficiency, low insurance fee and wide insurance scope which are better than that of commercial insurance companies but have some defects. In insurance market with oligopoly of China, positive development of professional insurance companies helps protect national insurance industry, promote multiple main body of insurance provision and consummate insurance market system of China.
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Professional insurance companies have the characteristics such as high risk management efficiency, low insurance fee and wide insurance scope which are better than that of commercial insurance companies but have some defects. In insurance market with oligopoly of China, positive development of professional insurance companies helps protect national insurance industry, promote multiple main body of insurance provision and consummate insurance market system of China.
Key concepts: Business, General insurance, Disadvantage, Insurance policy, Key person insurance, Casualty insurance, Insurance law, Insurance industry