Research On Regional Difference And Influencing Factors Of China's Insurance Industry Development

Insurance is the most important,most basic and effective social risk management technology and means.It has the functions of distributing risk,compensating loss,economic payment and financing.Since the reform and opening up,China's insurance industry to maintain an average annual growth rate of more than 25%,far higher than the same period GDP growth rate of 15% per year,the national economy is the fastest growing,one of the most dynamic sunrise industry.However,in the insurance business income and the rapid development of the total assets of the insurance industry at the same time,the development of the insurance industry is becoming increasingly uneven imbalance: the rapid development of the insurance industry in the eastern region,the insurance industry in the western region started late,and the gap between the eastern region Big.To this end,to measure the regional differences in China's insurance industry,and to explore the impact of different areas of insurance industry development factors,to promote China's insurance industry regional coordination and sustainable development is of great significance.This paper mainly studies the differences in the development of insurance industry in various regions and the factors that lead to this difference,and compares and analyzes the characteristics and characteristics of the development of insurance industry in various regions.Based on the empirical results of previous documents,this paper selects five indicators,such as per capita income level,educational level,industrial structure,population age structure and social welfare level,which have important influence on the development of insurance industry.2011-2015 National,eastern and central,The provincial level of the western region,with the level of insurance on behalf of the development of the insurance industry as the explanatory variables,respectively,the establishment of panel models and comparative analysis of various factors on theeastern,central and western regions of the impact of the development of insurance and similarities and differences.The empirical results show that China's insurance industry in the eastern,central and western regions show a huge regional differences in the central region and the eastern region of the insurance industry is the difference between the development of the gap between the industrial structure,while the western region is in the population age structure and education After the fall.The level of social welfare is the most direct driving force for the development of the insurance industry,especially in the eastern region;the industrial structure has the greatest effect on the development of the insurance industry in the central region;the education level is the main Is the impact on life insurance,it has the greatest impact on the western region;on behalf of the population structure of population support than the development of the insurance industry has a negative impact,and the negative impact on property insurance is greater than life insurance.According to the research conclusion,in order to promote the coordination and sustainable development of the insurance industry in each region,the eastern region should vigorously innovate the insurance products and services;the central region should adjust and optimize the industrial structure;the western region should strengthen the awareness of risk and insurance awareness and give Certain preferential policies.The innovation of this paper is as follows: First,it is more objective and reasonable to use the insurance density as the explanatory variable to measure the difference of the development of the insurance industry,and to measure the regional difference of the insurance premium level than the traditional premium income.Secondly,After analyzing the explanatory variables,the author also makes an empirical analysis of the density of personal insurance and the density of property insurance,and compares the similarities and differences between the same factors on personal insurance and property insurance.