Thinking Some Problems about Insurance Market Development in China
Peng Yong-gui
Abstract
Peng Yong-gui
Abstract
In 1979 insurance business was restored in China.Since then,it has witnessed rapid and sustainable development in the number of insurance companies and agencies,total insurance volume,the types of insurances and also in insurance rules and regulations.Meanwhile,some factors and phenomena which restrict the development of insurance market in China has emerged and accumulated.The article aims to find solutions to the hindering problems by analyzing these factors and phenomena,so as to promote the sound and sustainable development of insurance business in China.
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In 1979 insurance business was restored in China.Since then,it has witnessed rapid and sustainable development in the number of insurance companies and agencies,total insurance volume,the types of insurances and also in insurance rules and regulations.Meanwhile,some factors and phenomena which restrict the development of insurance market in China has emerged and accumulated.The article aims to find solutions to the hindering problems by analyzing these factors and phenomena,so as to promote the sound and sustainable development of insurance business in China.
Key concepts: China, Business, Sustainable development, Business interruption insurance, Key person insurance, Actuarial science, Insurance law, Insurance policy