Supply And Demand Analysis Of Athletes Insurance In China

Competitive sports bring people enjoyment and stimulation, at the same time, it also makes professional athlete risky. The requirement of Olympics games is "swifter, higher, stronger", which put higher request to the athlete’s skills and physical fitness. In recent years, China’s sports are in the continuous development, our athletes have achieved a lot in various international competitions, during the2008Beijing Olympic Games, they got51gold medals, ranking the top of the gold-medal table. We feel proud of the achievements of China’s sports, at the same time, health issues and the protection status of the athletes also should be concerned.In March1995,11members jointly submitted a proposal to the CPPCC National Committee for the requirement of establishing disability and endowment insurance system of excellent athletes.In1997, General Administration of Sport of China decided that China Sports Foundation be responsible for the insurance of the athletes. Until July22,1998, U.S. Goodwill Games, China’s gymnastics star Sang Lan accident falls disabled, and get the insurance amounting to$10million in insurance, that causing great concern of the people, the people began to realize the role of insurance. China Sports Foundation in the same year on September28insured for the national team athletes against of their disability to the PICC Life Insurance Company. This is the beginning of our athletes’insurance.On28September2000, China began to implement excellent athletes disability mutual insurance. At present, China’s athletes are generally getting disability mutual insurance and social insurance safeguard, but both the extent and scope of protection of athletes are very limited. In recent years, with Zhejiang gymnastics teenager Wang Yan’s injury and Henan Sanshou athlete Shangguan Pengfei’s death event reported in detail by the media, people began to aware of the fact that the disability mutual insurance and social insurance provides very limited protection for athletes, realizing the lack of commercial insurance of the athletes. Scholars have started to conduct research into China’s athlete insurance from different perspectives, analyzing relative issues and offering recommendations.Because of the market orientation of China’s sports industry, more and more athletes in our country are belonging to the market-orientated system., which makes the athletes face the risk of death and the risk of accidental disability, and the risk of unemployment, in addition,they face the risk of income loss by termination of career caused by injury. The risk of athletes is getting more and more serious, which require all-the-round insurance to ensure comprehensive range of security for athletes.This article focus on the following aspects:The first part of this paper is to study current situation of the background, domestic and international research, in addition, the ideas and methods, the innovation and shortcomings are also discussed.The second part focus on the current situation of China’s athletes insurance. This section introduced the risks to the athletes, the Insurance System of the athletes, the type of insurance that our athletes joined and the characteristics of the athletes insurance.The third part is to analyze the athletes insurance in developed countries and their inspiration to China. At the same time, this part analyzes the supply situation and the demand of athletes insurance in developed countries, finally summed up the enlightenment to the development of our athletes insurance.The fourth part is to analyze the supply of China’s athlete insurance. This section firstly analyzes the current situation and the problems of the insurance supply situation, and then analyzes the factors affecting the supply of our athletes insurance.The fifth part is the demand analysis of athletes insurance. This section firstly analyzes the demand situation and the relative issues of athletes insurance, and then analyzes the factors affecting the demand of athletes insurance.The sixth part is the proposals to develop our athletes insurance. This section is to provide proposals from the perspective of the government and the insurance companies. To the government, the suggestion includes the way to improve the laws and regulations of athletes insurance, to strengthen the cooperation of sports department and insurance regulatory authorities, to broaden the premium sources and to establish special funds of the athlete insurance, and to provide preferential policies. To the insurance companies, the suggestion includes how to develop different sports insurances for athletes, to adopt the way of group insurance to reduce costs of insurance companies and applicant, and to carry out reinsurance business.