The Research On Commercial Insurance Development In Three Regions Of Southern Xinjiang

Commercial insurance as an important component of financial system, and play a unique rolein the financial system. It owns financial, affordable, service, publicity and natural monopolyindustry characteristics; Insurance has economic compensation, financing and socialmanagement function; Commercial insurance plays in the social and economic developmentof risk management, perfecting the social security, an important role in incentive innovationmechanism; And its coordination in the process of economic development, and plays animportant role in promoting economic growth, which reflects the importance of commercialinsurance in social and economic development.At present, the development of insurance industry in Xinjiang is rising steadily in goodeconomic situation, main show is: the scale of premium increase gradually, the compensationamount rising, industry overall strength gradually strengthened. The insurance business inXinjiang, however, more focused on the developed regions and cities, remote three regions ofsouthern Xinjiang because of its economic, geographical, natural environment and socialculture, and many other factors, the local commercial insurance development is still relativelybackward, and the average level of Xinjiang. However, the development of the commercialinsurance in three regions of southern Xinjiang has the extremely important significance:firstly, it is the necessary means to promote the development of its local economy;The secondis an effective way to poverty alleviation and development three southern states; lastly, it is animportant supplement to perfect the local social security system. So, study the developmentof the commercial insurance in three regions of southern Xinjiang has its urgency, strategicneed, and also has important practical significance and far-reaching historical significance.This article through the theoretical analysis of the significance of commercial insurancedevelopment in three regions of southern Xinjiang and the main factors affecting thedevelopment of commercial insurance in the region, mainly through a lot of statistical datastream of chart to describe the economic development and the present situation of thedevelopment of commercial insurance in three regions of southern Xinjiang in recent years,analyses problems in the process of developing the commercial insurance, and making thecomparison of commercial insurance development between three regions of southern Xinjiang some other parts of Xinjiang, in order to get development experience and revelation, in theend, from increasing government support and assist, strengthening insurance institutions offinancial support and promote local residents willingness and consumption ability, throughthree aspects to put forward the countermeasures and suggestions of improving thecommercial insurance development in three regions of southern Xinjiang.