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2007•Journal of Hebei University of Economics and TradeRequires access

Problems in China's Insurance Markets and Countermeasures

LI Tian-shen

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Abstract

China's insurance industry has kept an average increase of 30% since the reform and opening up.But compared with some developed countries,the gap is still large.Currently there exist a number of problems in China's insurance market.Some countermeasures shall be taken,such as improving information disclosure system of insurance companies;constituting laws and regulations for insurance supervision;rebuilding the social honesty on insurance market and standardizing insurance intermediaries.

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China's insurance industry has kept an average increase of 30% since the reform and opening up.But compared with some developed countries,the gap is still large.Currently there exist a number of problems in China's insurance market.Some countermeasures shall be taken,such as improving information disclosure system of insurance companies;constituting laws and regulations for insurance supervision;rebuilding the social honesty on insurance market and standardizing insurance intermediaries.

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Available abstract

China's insurance industry has kept an average increase of 30% since the reform and opening up.But compared with some developed countries,the gap is still large.Currently there exist a number of problems in China's insurance market.Some countermeasures shall be taken,such as improving information disclosure system of insurance companies;constituting laws and regulations for insurance supervision;rebuilding the social honesty on insurance market and standardizing insurance intermediaries.

Key concepts: China, Business, Insurance law, Honesty, Intermediary, General insurance, Actuarial science, Insurance policy

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