An Assessment Of The Effectiveness Of China Business Pension Insurance Market Under The Aging Population Background

According to the United Nations’ statistical standards, if the number of the people aged over 60 takes up 60% of the population, or the number of the people aged over 65 take up 7% of the population, this country is an ageing country. At April 28,2011, the sixth national census published some main indicators shows that 60 years old and above population accounts for 13.26% of the country’s total population,65 years old and above population accounts for 8.87% of the country’s total population, it also shows that China is already become an aging country. The aging of the population will bring a series of population and social and economic problems, especially it will formed enormous pressure and challenge to our social security system with pension insurance as the principal body.This paper mainly uses the quantitative analysis combining with qualitative analysis, and the adopting norm study method combining with empirical research. Through the data collection and analysis of the supply-demand situation of our business pension insurance market, this paper analyzes factors which impact the effective demand and effective supply of China business pension insurance market. In addition to that, this paper estimates the effective demand and effective supply of China business pension insurance market by using some econometric approach, and combines them to an effectiveness analysis both in quantity and in structure. Beyond that, this paper includes the reasons for the insufficient availability of China business pension insurance market, and give some advices for how to developed an efficiently business pension insurance market, in order to bring some inspiration for how to consummate China business pension insurance market.The research involves several aspects as follows:The first part of this paper discusses the demand of business pension insurance market under the background of an ageing population. Through the analysis of the current situation and trend of ageing population, the change of China’s family structure and the concept of endowment culture, the reform course and current system arrangement of China’s multi-level pension system, the living standards of urban and rural areas, this paper study how above factors affect the demand of business pension insurance market. And then concludes that with the aggravation of ageing population, China concept of endowment culture, the reform of China’s multi-level pension system and increase of the living standards of urban and rural areas, the demand of business pension insurance market in China rise sharply.The second part of this paper analyzed the supply of business pension insurance market under the background of an ageing population: the supply of commercial life insurance. This part analyzes the factors that promote the development of business pension insurance market: diversification of the financial system, providing subject of business pension insurance, product structure of business pension insurance, distribution channels and sale model of business pension insurance, payment method and scale of business pension insurance. And find with the progress of this factors, the business pension insurance market become a mature markets.The third part is the most important part in this paper, because it assesses the effectiveness of China business pension insurance market. This part defines what effectiveness is and puts forward a set of frame of how to assess the effectiveness of China business pension insurance market. What’s more, this part analyzes the aggregate balance and structural balance of business pension insurance market, Short-term balance and long-term balance of that, points out that whatever the effectiveness of China business pension insurance market is insufficient. That’s because the providing subject of business pension insurance is not professional, the draws bonus take almost the whole market, and the distribution channels is blocked.In the last place, in view of why China business pension insurance market is insufficient, this paper gives some advices for how to consummate China business pension insurance market. These include: improve the professionalism of providing subject, promote the innovation of business pension insurance product, open up the distribution channels, and strengthen the surveillance of China business pension insurance market. Wish it can bring some inspiration for how to consummate China business pension insurance market.