| A healthy Reinsurance market ensures the healthy and stable development of the whole insurance market; but the development of Chinese reinsurance market falls far behind of that of the direct insurance market; some problems such as insufficiency and low efficiency are rather severe in the reinsurance market. According to the theory of industrial organization, organization is one significant factor of production; the market structure is the basic factor that affects the market conduct and then the market performance. So the construction of a healthy and efficient structure is the foundation of a consummate reinsurance market.This essay firstly briefly reviews the history and status quo of China's reinsurance market; and then makes an empirical research to the market structure of Chinese reinsurance and its change since China joined the WTO, and actual situation of the market conduct and performance, according to the SCP model. The research shows that the market concentration rate has declined remarkably; the market structure has changed from monopoly to oligopoly; but the concentration ratio is still rather high. The supply capacity has improved significantly, but it still can not meet the expanding market demand; as the concentration rate declined, the market performance has been improved to some extend. Based on this observation, and compared with the structure and performance of several main world reinsurance markets, figures out that the concentration rate should be further declined, more subjects should be brought up, and market structure should be further optimized. This essay explicates the Planning of Chinese Reinsurance Market Development; points out that it aims to construct a Monopolistic Competition reinsurance supply Market structure with "diversified suppliers and distinct competitions"; and then analyzes the practical difficulty in the reinsurance development currently; and in the end brings forward some suggestions for the reinsurance organization policy. |
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