Study On The Influencing Factors Of Regional Insrance Differences In China

Since the full restoration of chinese insurance industry began in 1980, it developed very rapidly. Compared with the huge development of the insurance gross, the structural contradictions reflected in this course, such as the uneven industrial overall arrangement, the serious imbalance of regional insurance development. the economy index data between 1997-2007 of all provinces and autonomous regions in China will be processed by the way of panel data analysis in this article. Through the quantitative analysis, same of the index data was refined as the main influencing factor which influence regional development of chinese insurance industry. They are LGDP, EX, DI, URBAN, IS, EDU, QIC, SSW, DCCI, CPI. At the perspective of east region, middle region and west region, the influencing factors of regional differences are not uniform. The main influencing factors are LGDP, EX, DI, URBAN, IS, EDU, QIC, SSW, DCCI, CPI in the East, while the main influencing factors are LGDP, DI, URBAN, EDU, QIC, SSW, DCCI, CPI in Central part.In the west region,the insurance development was mainly influenced by LGDP, QIC, SSW, DCCI. Though the theoretical analysis of the results gained by data analysis,we can easily draw the conclusion of the way of the insurance industry development. Firstly, At the perspective of regional balance, using differential-based policies, non-equilibrium of resource allocation to different region. Secondly, through the perspective of increasing the supply of insurance products, in search of the path to balance the development of China's insurance. Thirdly, through the perspective of increasing the demand for insurance products, in order to find the sustainable development way of China's insurance industry. Through the above paths searched, narrowing the development gap of China's insurance between the regions,and provide some feasibility theoretical basis for the sustainable development of Chinese insurance industry.