Empirical Research On The Development And Industry Correlation Of Insurance Industry In Jilin Province

Since our country’s reform and opening up, with the rapid development ofnational economy, the insurance industry is playing more and more important role inthe economy. It plays a vital role in the aspect of economic compensation, disasterprevention and acts as booster and stabilizer in daily life. With the steadydevelopment of economy and new social security system gradually formed, thesociety has more inner demand of insurance. The insurance presents a rapiddevelopment momentum, the insurance market scale grows stably, more competitorsappear in insurance market. In the year of2011, the government issued the “Thedevelopment of insurance industry of twelfth five-year in china”. It makes clear of thefuture direction of development of the insurance industry in china and major tasksand policy measures, it provides a strong guarantee for the scientific development ofthe insurance industry and pointes out the direction of the development of Jilinprovince’s insurance industry in the future. As a result, research on the developmentand industry correlation of insurance industry in Jilin province has importantinfluence on the promotion of Jilin province’s insurance industry, and to better itssecurity role to the economy as a whole, it also has far-reaching significance to thenational economy’s nice and fast development.This paper adopts the method of theoretical analysis and empirical analysis. Ituses premium income and its growth rate, insurance density, insurance depth, firstintroduces the related concepts and theories of the insurance industry, elaborates theinsurance industry development situation at home and abroad. Then it analysesinsurance industry’s development scale and speed, but the development speed hasslowed. Next, by HHI index and the indices such as insurance company market shareof Jilin province, the paper conducts the analysis of market concentration and produce differentiation, to explore insurance industry internal structure. It shows that althoughthe insurance market monopoly rate is still high, the degree of product differentiationis still weak. But in the future development, the insurance market will graduallystrengthen, and the product differentiation has the trend of gradually increasing trend.This paper bases on input-output model, through the calculation of consumptioncoefficients, distribution coefficients, intermediate inputs rate, intermediate demandrate, influence coefficient, induction coefficient, production induced coefficient, andmake a compare with the national insurance industry development status. It showsthat industry and other services industry have greater pull influence on the insuranceindustry in Jilin province, the added value of the insurance industry increases, thefeature of consume goods increased, insurance industry has weaker influence on theother industries’ development. In addition, consumption is the main driving force ofthe development of the insurance industry. Paper uses econometric methods toexplore the primary, secondary and tertiary industry’s role in promoting thedevelopment of insurance industry of Jilin province. Results show that the secondindustry has the strongest role in promoting the development of the insurance industry.The overall economic growth has an obscure role in promoting the development ofinsurance industry. Causes of these results are due to the low development level of theoverall economy, the unreasonable structure of the insurance industry andgovernment policy and so on. At the end, it puts forward advices on adjusting thestructure of the insurance industry, improving the insurance regulatory environment,improving the comprehensive quality of insurance enterprises and workers,optimizing the competitive environment of the development of insurance industry.