China's Commercial Insurance Resource Allocation: Its Mechanism Design & Policy Analysis

As the contradiction between scarce resources and indefinite demand on the part of human beings runs through the whole process of human civilization, resource allocation, naturally, is a problem that every society cannot fail to face. Ever since the emergence of classical economics, resource allocation has always been the pivot of economics researches. The differences, if any, mainly find expression in such areas as the line of thought, methodology, position, and the resultant disparity between theories and policies.The survival and development of commercial insurance can, in essence, boil down to the question of resource allocation in commercial insurance since insurance industry is equally confronted with the problem of resource scarcity. Rational and efficient allocation of resources, therefore, is required so as to better survive the tough internationtional competition. In the case of China's situation, what problems can be found in resource allocation of commercial insurance? What factors play a role in hindering the efficient use and rational allocation of commercial insurance resources? And what can be done to rectify the irrationality in resource allocation? Thoughtful and in-depth analysis should be made of these questions. However, in actual reality, due attention has failed to be devoted to questions of this kind. In other words, few attempts have been made to approach commercial insurance from the angle of resource allocation. The problem of resource allocation of commercial insurance will become all the more significant with China's entry into the WTO and the subsequent internationalization of China's insurance sector, as well as the increasingly fierce competition. Drawing on the achieved research findings, this author attempts to start her analysis with the institutional changes in China's insurance industry, and then under the framework of the WTO, proceed to approach the question of resource allocation of commercial insurance from two perspectives: institution innovation and market innovation. It is the author's hope that with such an endeavor, a strategic resource allocation system can be formulated which fits in with China's actual conditions. Besides, this approach is intended to address comprehensively the problems in Resource allocation of commercial insurance, in an effort to efface the negative effects upon society and its economy brought about by the short—run activities in resource allocation of commercial insurance. Thus the long standing functional role of insurance can be ensured. Finally, the author's approach is expected to serve as the rationale for the governmental organs to formulate and improve the laws and regulations regarding insurance development.Given the fact that the achieved research findings of commercial insurance and resource allocation and the policy recommendations play a vital role in exploring the operating mechanism and policy orientation of resource allocation of commercial insurance, this thesis, based on the research path as found in the already—made achievements, and guided by the Marxist economics, ventures to conduct a systematic and deep—going analysis of the efficient Resource allocation of commercial insurance. To be more exact, the research is carried out with a combination of commercial insurance theories and general economics theories in the process of which China's actual situation is taken into account and new thinking is attempted. The chief research methods adopted in this thesis include: the combination of institution and market analyses and insurance analysis; the combination of normative analysis and positive analysis; the combination of historical analysis and reality research which is conducted on the contrast and comparison approaches.; the combination of borrowing and creation; To some degree, the based on the economics theories and methodologies, the author tries to make a interdisciplinary and intercultural research is made.With regard to the researching line of thought, this thesis tentatively attempts to formulate a...