Premium Income And Financial Assets Associated With Empirical Research

The insurance industry has been the sun industry of our nation , particularly acquired substantial development, in the last 30 years, the strength of insurance industry show great growth, insurance fee income from 460, 000, 000 yuan in 1980 to 978, 410, 000, 000 yuan in 2008, occupy the 10th in the world and have become an importanct newly arisen insurance market. On one hand, the growth of insurance fee income is relevant to macro economy factor, on the other hand, also with humanities , society and mental state. This text put great emphasis on a research focus on insurance fee income to together save, stock, bond, currency etc. of the finance property, whether connection existed. This text uses the time sequence data from third quarter 2001 to first quarter 2007 and uses least square method, heteroscedasticity examination, co-integration examination etc., ten common time sequence data processing steps to do a substantial evidence examination. In the end, we get two conclusions, one is the insurance fee income together with broad sense currency supply quantity(M2) existence show great positive related relation, two is the insurance fee income, GDP, currency supply quantity(M2), national debt turnover , these not- steady time sequences exist co-integration relation, illuminating these variables have long-term stability of balanced relation .This text is divided into five chapters. Chapter 1 is an introduction, the synopsis introduces selected subject background, puts forward problem and gives content arrangement and the point, difficulty and innovation of research. Chapter 2 is the portfolio theories, including Tobin's portfolio theory, Markowitz's portfolio theory, CAPM model, APT model and literature review. Chapter 3 does a substantial evidence for insurance fee income and the financial property connection . Chapter 4 suggests for policy, how to make use of the chance that financial crisis brings to insurance industry and how to promote the development of insurance industry . Chapter 5 is a conclusion.