One Research On The Internationalization Development Of Chinese Insurance Industry

Chinese insurance industry got fast development since the 21st century. It provides the risk guarantee service which is more and more important for the steady and rapid development of China’s economic and social. With the further development of global economic integration and financial liberalization, the development of the internationalization of insurance services, which has got successful practice in developed countries, seems to be imperative. In the domestic market, Chinese insurance industry is going through a rapid development period. This lay the foundation for its internationalization. But the internationalization level is very low, looking from the current situation. It lags far behind the developed countryie. What conditional basis Chinese insurance industry had for the internationalization? What is the present situation of it’s internationalization and what problems it faces? What factors affect the internationalization of Chinese insurance industry development? What countermeasures should we take to promote the internationalization development of Chinese insurance industry?This paper is to study the above problems. First of all, this paper will expound international conditions which Chinese insurance industry already have through the analysis of the market of Chinese insurance industry. And then this paper describs the characteristic of the status quo of internationalization of Chinese insurance industry, and analyzes the problems. Second, this paper is to construct a indicator to measure the level of Chinese insurance internationalization. Then consider this indicator as independent variables, we look for the influencing factors through the analysis by using the modern statistical software. As a results, we find that the domestic market, international market and the insurance industry oneself circumstance factors we have choose have a positive role in promoting the internationalization of Chinese insurance industry. Finally, in view of existing problems, we put forward the countermeasures and Suggestions to promote the development of Chinese insurance industry internationalization from the perspective of a macro and a micro angle of influence factors.