Study On The Regional Differences Of The Life Insurance Industry In The Yangtze River Economic Belt

The Yangtze River economic belt is an important watershed economic belt in China.It is one of the regions with the highest comprehensive strength,the mos t complete function,the most complete urban system,the most powerful strategic support and the strongest radiation agglomeration since twenty-first Century.In 2014 and 2016,the State Council promulgated the guidance and planning outline for the development of the Yangtze River economic belt,fully reflecting the sta te's great importance to the strategic planning of the Yangtze River economic bel t and the national strategic position.As the main strategic position of national ec onomic development transformation and upgrading of industrial structure,the Yan gtze River economic belt should build a regional benign interactive development mechanism,promote the coordinated development of the Yangtze River economic belt,and inject kinetic energy into the new pattern of China's economy.The co nstruction of the Yangtze River economic belt can't be separated from financial s upport.Insurance industry is an important part of the basic industry and high-en d service industry of the market economy.The attributes and functions of insura nce determine its special status in social development.As an important suppleme nt to social insurance,the life insurance industry is closely related not only to t he vital interests of citizens,but also the right-hand man of building a harmonio us society.The unbalance of regional development in the life insurance market is a difficult problem in China's life insurance industry from the beginning to the end,and the area of the Yangtze economic belt is no exception.The regional dif ferences of the life insurance industry in the Yangtze River economic belt can't be overlooked,which not only hinder the appropriate use of life insurance functi on,but also not conducive to the overall strength and competitiveness of the ins urance market,and even have a negative impact on the economic and social development of the Yangtze River economic belt.In such a social environment and practical background,the regional differences of the life insurance industry in the Yangtze River economic belt are studied.This article analyzes the regional diffe rences of the life insurance industry in the Yangtze River economic belt and the influencing factors,and then puts forward some relevant policy recommendation s to promote the coordinated development of the life insurance market in the Ya ngtze River economic belt.This article is based on the regional differences of the life insurance industry i n the Yangtze River economic belt.First of all,the relevant literature on the de velopment of life insurance industry at home and abroad is combed,and the con cept and meaning of insurance and life insurance and regional insurance are defi ned.Then the article discusses the theory of the development of insurance,the i nsurance demand and the relationship between insurance and economic developm ent,which provides the theoretical foundation for the research and analysis.Then using the latest regional statistics in 2016 to measure the regional differences of the present life insurance industry situation in the Yangtze River economic belt from the life insurance market size,market share and market structure.Through quantitative analysis,we know the development status of the Yangtze River econ omic belt in the national life insurance market and the inter differences between the 11 provinces of the Yangtze River economic belt in the past ten years.Com bined with the data of provincial capitals of 11 provinces,the article investigated the development status and differences of the life insurance market of the provi ncial capitals in the Yangtze River economic belt area.Then,the theoretical anal ysis on the mechanism of economic factors,environmental factors,social factors and demographic factors on the development of the insurance market,the article constructs an empirical model of influencing factors on regional development of the life insurance market in the Yangtze River economic belt,selects the per capita GDP,the Per capita disposable income of urban residents,the number of life insurance companies,expenditure of per capita medical insurance fund for urban workers,children dependency ratio,population ratio of college or above.Based on the provincial panel data from 11 provinces in the Yangtze River economic b elt from 2006 to 2015,we can empirically draw the direction and extent of the influence factors on the life insurance premium income in the Yangtze River eco nomic belt.The results showed that the per capita GDP,the Per capita disposabl e income of urban residents,the number of life insurance companies can produc e positive effects on the life insurance income,the expenditure of per capita me dical insurance fund for urban workers,children dependency ratio and the popula tion ratio of college or above can produce negative influence.Again,in the life insurance market scale as the basis,the 11 provinces in the Yangtze River econo mic belt are divided into three major insurance gradients.The article analyzes th e different gradient of the life insurance market factors empirical model,the resu lts show that the per capita GDP,expenditure of per capita medical insurance fu nd for urban workers and the child dependency ratio have a significant impact o n the first gradient area,the number of life insurance companies and the child d ependency ratio have a significant impact on the second gradient area,the numb er of life insurance companies,the number of life insurance companies,expendit ure of per capita medical insurance fund for urban workers,children dependency ratio and the population ratio of college or above have a significant impact on the third gradient area.Finally,in terms of policy recommendations,this article proposes that we should carry out the regional development plan of the life insu rance for differential gradients in the Yangtze River economic belt.we should op timize the internal and the external environment for the development of the life insurance market,and strengthen the publicity and education efforts.