The Theory On Demand Of Property Insurance Market And Emprical Research

The property insurance is the insurance industry developed rapidly in China as part of China since 1980 to restore the domestic insurance, property insurance premium income of 460 million yuan in 1980, increased to 199.774 billion yuan in 2007. 2009, China's property insurance industry in the adjustment of the steady development of property insurance business continued to maintain a rapid growth in premium income reached 287.58 billion yuan, up 23.1%. With the further deepening of China's reform and opening up, the risk level in terms of environmental change, or macroeconomic and institutional changes in the environment, are long-term development for the property insurance provided adequate space. Insurance demand is a specific period of time, social organizations and individuals to economic security of insurance demand. It is not only the main content of the insurance business market, but also insurance, theoretical and practical studies of a timeless subject. Study of this issue of property insurance industry has theoretical and practical significance. So how to improve the level of property insurance market, how to promote market demand for property insurance number, is now an urgent need to study and solve problems.The study based on the economic demand theory of the property insurance, through the theoretical explanations of property insurance products, uses the natural logarithm of multiple linear regression model a to study the demand for property insurance in Hebei province, from which we could find the various demand factors and magnitude of the impact and also the time series and seasonal fluctuation of the dynamic characteristics of the demand for property insurance. In addition, the paper uses multivariate statistical method of cluster to analyze the level of demand for property insurance in Hebei province. Then the paper gives the analysis and evaluation on the supply situation of the property insurance market in Hebei province. Finally, based on the previous empirical analysis, the paper gives the advice to the property insurance company on product development and internal management, and policy recommendations to the insurance regulatory agencies.