Study On The Development Of Chinese Reinsurance Market

Being an important component of the insurance market, the reinsurance market has been interdependence and mutual promotion with the direct insurance market. the development of the direct insurance market is the foundation and prerequisite for the development of the reinsurance market, The development of reinsurance market will provide a reliable support and protection for the development of reinsurance market in the capital intermediation, risk management and technology transfer. Actively learn from the international reinsurance market development experience, Strengthen and improve the supervision of reinsurance, Scientific Plan and foster the China's reinsurance market, Construct a reinsurance market system which is fair competition , orderly development and in connection with the international reinsurance market, Promote the coordinated development of China's reinsurance market and direct insurance market, which has very important significance for strengthening the risk management of China's insurance market, expanding the underwriting capacity of the insurance market, promoting and protecting China's insurance industry as a whole to achieve good yet fast development, ensuring that the overall goal established by the "11th Five-Year Plan" can be achieved.The thesis is built upon a theoretical framework of reinsurance market institutional innovation through integration of criterion and demonstration analytical methods, academic and historical analytical methods, qualitative and quantitative analytical methods, and analyses comprehensively and in-depth the institutional innovation of Chinese reinsurance market. In addition to the introduction, the thesis has five chapters with the following contents:Chapter one focuses on the overview of the reinsurance and reinsurance market. Firstly, this chapter elaborates the concept, functions, types, as well as the origin and development of the reinsurance. Secondly, this chapter makes an Analysis the concept and forming conditions of the reinsurance market, the reinsurance market in Europe, New York, London, as the representative of the international reinsurance market, and makes a summary of its characteristics, which provides the basic theoretical background and the international market overview for the research on China's reinsurance market in subsequent chapters.Chapter two focuses on the analysis of the history and current situation about China's reinsurance market development. This chapter makes an overall evaluation of China's reinsurance market development through the analysis of several stages such as the seeds, the preliminary formation and the development of the reinsurance market after the founding. And this chapter elaborates the current status of China's reinsurance market development and point out some major issues such as lack of effective supply in the reinsurance market, imperfect supervision legal systems of the reinsurance market, backwardness technical services to the insurance market and the reinsurance intermediary market has not yet been established.Chapter three focuses on the demand and supply analysis of China's reinsurance market development. This chapter makes an analysis of several aspects of prospects of the demand, supply, technology, international cooperation of China's reinsurance market from the Present situation analysis of the demand and the supply of China's reinsurance market. This chapter starts to analyze from the demand of reinsurance under the single-period valuation model, then makes a distinction analysis of the supply and demand equilibrium model under the premise of the reinsurances are risk preference and risk-neutral, under this basis it derives the supply model under the conditions of the supply and demand is equilibrium in the reinsurance market. Finally, this chapter makes a theoretical analysis of the optimal number of the supply of reinsurance.Chapter four focuses on the study of development of China's reinsurance broker market, that part launches the research from the intermediary dimension of China's reinsurance market development. Firstly, this chapter elaborates the theoretical foundation of the development of reinsurance intermediaries from the perspective of the transaction cost theory. Then this chapter releases the role of the insurance brokerage company from the perspective of economics, at the same time it introduces the main business model of the commercial insurance brokerage company. After the elaboration of the roles, the types and the operation of the reinsurance brokers, this chapter makes a brief analysis of the status quo of the development of China's reinsurance brokers market. Finally, it makes some specific recommendations and Countermeasures about the development of China's reinsurance brokers market.Chapter five focuses on the research of the development of reinsurance market regulation. This chapter reviews the development of Chinese reinsurance market regulation, analyzes three different regulatory models (British, French and German) in the international market, and describes the trends as well as revelations from the development of international reinsurance regulatory models. Then, based on the status of existing Chinese reinsurance market regulation and its problems, the chapter analyses the internal and external factors that affect reinsurance market regulation institution and puts forward new thoughts on the future reinsurance market regulatory model i.e. continue direct regulatory control on the market behavior for some time, then gradually transit to moderate regulatory control, and eventually to indirect regulatory control on the reinsurance market.In this paper, the main innovations embodied in the following aspects: Firstly, this paper conducts studies on the development of China's reinsurance market under the systemic viewpoints from several perspectives, and it selects a new perspective to study; Secondly, this paper makes a demand and supply analysis of China's reinsurance market from the perspective of the qualitative and quantitative; Thirdly, this paper makes a more in-depth study on the system model of intermediary and regulatory of China's reinsurance market development from microscopic, intermediate perspective to macroscopic.