| As an economic institution, insurance has played its role of using contrasts to reduce and distribute risk, for more than 600 years, which is recently being promoted by the increasing hazard accompanied by the application of the booming life science and IT industry that dramatically changes the life style of human being and supplies theoretic and technical means of controlling and administrating the risks at the same time. Furthermore insurance businesses itself has already been a significant component of economics.The contemporary insurance business in China has developed for about 20 years, since it was allowed to run in the year of 1980 and has contributed remarkably to the national economic construction, including almost all kinds of varietives of insurance. It not only supplies new service creatively but also perfect its own legal institution and regulations to honor what has been committed in WTO clause, for instance, the remediation of <> and the premium reform in October 2002.This sunrise industry has also endorsed the economic development of YanBian region as well.The global situation of insurance industry and its tendency is introduced firstly in this essay to support the following two sections that are quantitative analyze of the predicament encountered by national insurance industry and those of YanBian region' s illustrated and analyzed with lots of actual cases and concrete statisticsIt is quite essential to improve the competency of this very regional insurance industry, the weakest segment of financial system of China, a member of WTO that can bring not only positive but also negative effects, by studying the core tribulations confronted and adopting a serial of affirmative polices...
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