Fujian And Taiwan Population Aging And Insurance Industry Development Comparative Analysis

According to the United Nations standard,a country and a region with a population over 60 years old accounts for 10% of the total population(or 7% of the total population),the country is an aging society.At the end of 2000,China entered into an aging society as a whole.Taiwan province and Fujian province entered into an aging society in 1993 and 1996 respectively,both earlier than the overall level of China.In addition,Fujian and Taiwan had a faster aging population and a larger development scale.The huge change of population age structure in a short period of time also brings a series of influences to the financial system.Because the aging of population involves pension,medical care,life and property security and other aspects,the insurance industry is the most affected in the financial system.If only relying on the government's social insurance endowment will cause a huge capital gap,so vigorously develop the insurance industry,deepening the reform of the insurance industry is to deal with the aging population is the solution.This paper takes Fujian and Taiwan as the main body for comparative analysis.Facing each other across the sea,the two places have natural advantages in geographical location,and the aging population and the development of the insurance industry have their own characteristics,which can be taken as a typical study.Articles in the integrity,built on the basis of systemic aging population and the development of the insurance industry between Fujian and Taiwan index system,grey correlation analysis method was used to study an aging population and the development of the insurance industry coordination degree,on the relationship between the two large system internal structure of microscopic analysis,strive to in the process of an ageing population dynamics,to study the mechanism of the insurance industry.At the same time,the principal component analysis method was adopted to analyze the temporal features of population aging and insurance industry development from 2000 to 2017 on a macro level.According to the characteristics of the trend chart,the future development directions of the two systems were predicted.The purpose was to put forward targeted and appropriate policy Suggestions,so that the development of insurance industry could better adapt to the aging society.The results show that the population aging of Taiwan province and Fujian province is highly coordinated with the development of the insurance industry.Taiwan province has been in the population aging society for a long time.In order to cope with the changes in the population age structure,some adjustments have been made to make its insurance industry gradually adapt to the population aging.Fujian province is in the "primary stage" of population aging.The development of insurance industry in Taiwan province has always been at the leading level in the world,but its development is nearly saturated,so it is urgent to develop new markets to transfer excellent insurance resources,while the development of insurance industry in Fujian province is on the rise,with huge development potential and space.Therefore,Fujian and Taiwan should strengthen population and business exchanges and cooperation,so that the two provinces can give play to their respective advantages,make up for their weaknesses,and jointly deal with the risks and challenges of an aging population society.