Transformation Of China's Insurance System Change And Innovation

At first, the paper introduces the modes of China's institutional evolution decided by the special "double" system economic structure and the basic characteristics of insurance institutional evolution, educes a preliminary conclusion that China's insurance institution was "created" by government. Base on these analyses, the author establishes a model of national utility function of insurance institution arranges, makes a theoretical explanation on China's insurance institution changing from pure monopoly to multiple structures since reform, predicts the development of insuranceinstitutional evolution in the future in theory. On the basis of analyzing insurance'sinbeing, developing demands and national utility, the paper concludes that state ownership should be withdrawn gradually; this conclusion is consistent with the theoretical prediction. But there are some distinction between theory and practice, so the paper analyses the practical obstruction of insurance institutional innovation and brings forward a hypothesis of transitional institutional innovation mode with multiplex prime movers. According as an integrative "equilibrium" model, the paper analyzes the level of withdrawing state ownership. Then, the paper studies on the scheme of insurance institutional innovation, analyses the methods of insurance institutional innovation and overcoming main obstructive factors in practice, and offers some pertinent policy proposals.