Research On The Model Selection And Influencing Factors Of Insurance Companies Investing In The Retirement Community In China

Nowadays,the increasingly serious aging phenomenon has severely reduced the quality of life of the elderly in our country and restricted the economic and social development of our country.At the same time,the development of my country’s elderly care service industry has been relatively slow,and the problem of imbalance between supply and demand has followed.In recent years,with the rapid development of my country’s insurance industry,a corresponding new type of pension community model has also emerged,and has quickly gained market response and recognition by the broad masses of people.In response to this phenomenon,the article analyzed the mode of investment in pension communities by Chinese insurance companies and its influencing factors,hoping to provide more effective suggestions on the choice of modes of investment in pension communities by Chinese insurance companies,and alleviates our country’s ageing problems.The article firstly analyzes the current situation of domestic and foreign insurance companies investing in retirement communities.Secondly,using the net present value method,the return on equity（ROE）and other possible related factors,the investment models of the pension community were analyzed theoretically,and the parameters in the net present value formula and the return on equity（ROE）were used to analyze the initial investment in the pension community,possible project benefits,opportunity costs and financial data of the insurance company itself.Subsequently,the article analyzed the impact of factors such as the size of the insurance company and the location of the pension community project from the seven aspects of cash flow,return on net assets（ROE）,ownership type,personal insurance premium income,per capital disposable income,personal insurance density,and personal insurance depth.The impact of investment models and related assumptions were put forward.After collecting as many sample data as possible,the article used Pearson’s correlation from two different perspectives of linear correlation and combination factors for the typical investment models,namely the wholly-owned development model and the equity cooperation model.The test model and the Light GBM classification model conduct empirical analysis on possible influencing factors.Finally,through two experiments and a specific case analysis of Taikang Life Insurance,the article derived the selection preferences and influencing factors of insurance companies to invest in the retirement community,and gave certain policy recommendations based on the government and enterprise levels.The research results show that,in the Pearson correlation test model,under the linear correlation of a single variable perspective,the higher the return on net assets of an insurance company,the more likely it is to adopt a wholly-owned development model.The greater the personal insurance density of the province（city）where the insurance company’s retirement community project is located,the greater the possibility of adopting a wholly-owned development model.The greater the cash flow of an insurance company,the more likely it is to adopt a wholly-owned development model.And in the Light GBM classification model,from the perspective of combined factors,in addition to the variable of insurance company ownership,the remaining six variables after the combination have a greater impact on the division of insurance companies’ investment in retirement communities.