The Factors Analysis Of Regional Differences On China’s Insurance

Regional economic system is the national economic system with the spatialfactors, the development of regional insurance is closely related to the development ofregional economic. The insurance supports the regional economy, regional economyalso cannot do without the supporting. Our country has massive land, abundantresources, cheap labor and apotential consumer market, the stable political and socialenvironment and favorable investment policies. The ability to resist the calamity andto take the risks of every region has inevitable differences. The society needs thesocial security system to match with the situation. The functions of insurance fit theneeds well. Therefore, it’s meaningful to study on the influencing factors of theunbalanced development of the insurance industry.Reviewing the recent study of regional differences exist during the developmentof insurance, most scholars take insurance as a whole part. However, broadly,insurance can be organized into two parts: life insurance and property insurance, bothof which have a unique feature of region distribution. In the existing literatures,research from two angles is rare.Insurance industry in China has roughly experienced three stages, in this process,the development scale and level of insurance industry have significant improvement.But there are still some problems in developing, for example, the notable regionaldifferences cannot be ignored. It’s very meaningful to consider the influencing facorsthat region economy grow.In general, there are many factors accouting for the regional gap, the factors canbe classified by the following species: the demanding kind, the supplying kind andthe environmental kind. Using the Eviews6.0, I come up the conclusion that severalfactors are accounting for the situation. For life insurance, the factors make the mostapparent effect are GDP, urban per capita disposable income, aged dependency ratio of population, upper-level college ratio. For property insurance, the factors make themost apparent effect are GDP, fixed-asset investment, upper-level college ratio. Itsuggests that finally countermeasure and suggestion having pertinency.