The Research For Inner Mongolian Insurance Product's Development

High development of economy, updating and upgrading of technology are increasing the efficiency with constantly changing of living condition. They also bring about the high risk. But calamity may not happen even though there is hazard. The crux of the matter is how to control the risk and how to prevent the loss. For example, in agriculture and livestock production, drought may not cause calamity. If there is calamity, the reason is a series of social environmental and material economic conditional restrictions on agricultural runner and herdsmen's ability to deal with the drought. Foreign experts say that the environmental element bumps against the frail population, which leads to the calamity. So people have an urgent need to control the risk spreading everywhere and to protect themselves against disaster.To counter this tendency, a variety of insurance products set up a protecting net. This net is not only keeping the safety of economy as a social stabilization but also maintaining the smooth of capital investment, production and circulation as a social propeller both in micro and in macro economy. So the risk can be controlled efficiently and the loss rate will fall gradually.The aim of this thesis is how to develop backward area's (Inner Mongolian) insurance industry in the face of west area development and joining WTO, and how does the insurance industry do for promoting regional development. There are five parts to expound the research oninsurance product in this thesis. The first part introduces the ancient origin, present concept and economic functions of insurance product. The second part explains 20 years development of life insurance product and non-life insurance product market in China, which have been meeting social need and people's demand continuously. The third part analyzes Inner Mongolian insurance industry's development under the circumstance of national insurance development and the opportunities, the challenge of joining WTO. The forth part does research on new exploration of Inner Mongolian insurance product through analyzing the course of insurance industry's development in America, Germany, Philippine, Italy and so on; Besides, this section presents new insurance products with distinctive regional features, such as agricultural insurance product, construction and engineering insurance product, loss prevention insurance product, tourist insurance product, minority nationality insurance product. The last part analyzes the institutional environment, which adapts to the regional insurance development. Those angles are just from 9 aspects such as from legislative system, enterprise management, resource planning, talent development, institution's cooperation, state policy implementation etc.