Present Situation And Countermeasures Of China's Insurance Industry

Commercial Insurance is the major implements of Social Insurance, it has a special status and plays an oant role in the social economic development. But seen from the current situation, there are still some difficulties and limited factors existing in our commercial insurance development. China's accession to the World Trade Organization (WTO) has brought with it a historic trend for multinational corporations to pour into China for the benefit of developing the great potential farm in this country .The Opening timeline of insurance industry has been already worked Out, indicating the Opening process has been greatly sped up. Foreign insurers will soon enjoy the "nation treatment" and the oligopoly market Structure in China taken into being from a history of more than 20 years will be shortly broken. China's insurance industry will face the choice and challenges that has never met. China's insurance industry, after china's successful entry into the WTO, will have to confront the fierce competition from the international insurance market. Yet, the insurance industry of china is still at its early stage compared with those of the western countries. Against the background of the economic globalization, only after great efforts are being taken to pinpoint the problems existing with our insurance industry and working out corresponding solutions, we can possibly narrow our gap with others and improve our competitiveness on the internatoinal market. There are altogether four parts in the paper. Paper one emphasizes the importance of promoting our insurance industry through a thorough analysis of the role it plays in our national economy; Chapter two analyzes the gap between china and other developed countries in the insurance and their good experience we can study; Chapter three shows the developing environment of china's insurance industry; Chapter four is devoted to a discussion of the corresponding strategic.