The Regional Analysis Of China's Insurance Market Development

Nearly three decades, China's insurance industry to achieve growth is remarkable.However, the insurance industry growth is not the same as the insurance industry, there are many obstacles in the growth process, concentrated expression of the structure of the insurance market.These structural contradictions are major factor in the development of China's insurance. Imbalance in the insurance industry is currently regional development an important aspect of structural contradictions, which is China's insurance industry sustained and healthy development had a negative impact.China's insurance district is divided into east , northeast, central and western four parts,this article choose the China's regional insurance industry related data in recent years and analyze the development of insurance , mainly analysis for the insurance industry of the regional market size,market level and comparative and market structure, within our country to coordinate analysis and differences analysis. Finally,analysis factors of the development of the regional insurance, the use of panel data model analyze the insurance factors influence regional development. Accordingly the following conclusions:From the regional development view, the eastern part of the scale of development, or levels of development are both far ahead of other regions, but its growth rate has lagged behind other regions, and found that the structure of various regions in the insurance have convergence. From coordination analysis view,recent development of China's regional insurance and the economy have gradually embarked on the coordinated development of the road, but the coordination level of insurance is still at lower level. From the regional Insurance differences analysis , the insurance premium income absolute gap between regions is increasing , but the relative gap is narrowing, and by the absolute convergence test to know, the trend is continued convergence .Comprehensive analysis from the four regional models can be seen: the growth in disposable income of urban residents, the growth rate of fixed asset investment and the proportion of tertiary industry growth rate have significant positive impact to the growth in premium incomegrowth of the four regions;growth rate of financial openness have significantpositive effects to the east,northeast and western regions; growth rate of per capita net income of rural residents only has significant positive effects to premium incomegrowth in the western region.Which the growth rate in disposable income of urban residents is the grestest impact , followed by the growth rate of fixed asset investment and the proportion of tertiary industry growth rate. The eastern region of the independent variables influence the growth rate of premium income were greater than other regions.