The Life Insurance Development Process Of Taiwan And The Enlightenment For The Life Insurance Development Of The Mainland Of China

Since China’s reform and opening up, Life insurance premiums grow from1.59million yuan in1982to1.016trillion yuan in2012. The number of life insurance company grows from only one in1982to68in2012.after the rapid expansion of life insurance industry in the mainland, the transformation of development way should be changed under the rising cost and policy restraint. I research the development of life insurance of Tai wan. Because the life insurance of tai wan has been developed for almost50years, attaining a high developing level. The life insurance industry of Taiwan has opened up in the1980s.it has been developed into a developed life insurance market. The ranking of the global insurance industry in2011, the insurance density rose to$2,757ranked17th in the world; insurance penetration rising to17%is the first in the world. The degree of development ranks between Japan and the United States. The development of the life insurance industry in mainland slower than the development of China’s Taiwan life insurance industry approching20years. For studying the development of the various stages of the life insurance industry in Taiwan, the experience of Taiwan life insurance industry can contribute to the China mainland life insurance industry better and faster development. The same time, Taiwan’s life insurance market development bottlenecks encountered, the Chinese mainland regions should also accept the lesson.Considering the big event in process of the development of the life insurance market in Taiwan, the whole process of the development of Taiwan life insurance divide to5parts. This can fully understand the context of the development of the life insurance market in Taiwan, tracing the origin. The comparative analysis of our country’s stage of development.The main structure and content of the article as follows:The introduction includes the background and significance of the study, literature review, the basic ideas, new ideas and limitations. Chapter1:Analysis of the five stages of the development of Taiwan life insurance industry. This chapter describes the Taiwan life insurance industry in various stages of development history. Chapter2:To analyze the reasons for the development of Taiwan life insurance industry. Chapter3:Problems and countermeasures in the process of development of the life insurance industry in Taiwan. First, elaborated the problems faced in the process of development of the life insurance industry in Taiwan. Second, introducing the practice of the Taiwan authorities and Countermeasures. Chapter4:Elaborate on the mainland life insurance industry in the development of the situation. Pointed out that the problems in the development of the mainland Life insurance industry. Based on the experiences and lessons of the Taiwan, combined with the actual situation in the Mainland, give some suggestions and countermeasures.Innovation of this paper is that; studying The whole process of the development of the life insurance industry in Taiwan, Elaborate course of the rise and fall of Taiwan Life Insurance. Collecting large amounts of data to analysis its change and characteristics of each stage. Learn from the experience of their success, to learn the lessons of their failures. In addition, Combining the course of development of the life insurance industry in mainland make some suggestions to the life insurance of the mainland.The downside is that:The life insurance industry is developing under the role of an economic, But, the most important factor is policy guidance. This type of paper is less. It is very difficult to collect the appropriate information. The other difficulty is hard to find enough data. Due to the limited capacity of the level of research of the author, the study was not thorough enough.