Research On The Impact Of My Country's Family Population Structure On The Demand For Commercial Life Insuranc

The development of China’s insurance industry started relatively late.Compared with many developed countries,the construction cycle of China’s insurance industry is also relatively short.However,in recent decades,China’s insurance industry has achieved a great leap,the residents’ insurance awareness has been significantly enhanced,and the scale of insurance income has expanded rapidly.However,at the same time,China’s population structure is also undergoing structural changes.At present,it has shown the characteristics of fewer children,aging and miniaturization of family population,which has had a considerable impact on China’s family’s ability to resist risks and protective function,and the role of commercial life insurance has become more prominent,More and more families may choose to take out commercial life insurance to transfer risks and improve their security ability.Therefore,this paper first expounds the current situation of China’s population from four aspects: the total population,dependency ratio,gender structure and family structure,and analyzes the development status of China’s commercial life insurance from three aspects: the premium,insurance density and insurance depth of China’s commercial life insurance.Then it makes an empirical analysis on the relationship between China’s family population structure and the demand for commercial life insurance.In the empirical part,this paper uses the data of China Household Finance Survey(chfs)in 2019,starts from the micro level of China’s household population structure,and makes an empirical analysis by establishing probit and tobit models to explore its impact on the demand for commercial life insurance.In addition,this paper divides the surveyed families into urban and rural areas,living areas and income levels,and discusses the heterogeneity of different types of families.In addition to the heterogeneity analysis,this paper also introduces the intermediary variable of risk preference to explore whether the core explanatory variable indirectly affects the family’s demand for commercial life insurance through risk preference.The empirical results show that the elderly dependency ratio and family population size have a significant negative impact on commercial life insurance,the child dependency ratio has a significant positive impact on commercial life insurance,and the impact is slightly different in different types of commercial life insurance(commercial life insurance and commercial health insurance).In different types of families,the elderly dependency ratio There are also differences in the influence of child dependency ratio and family population size.Finally,combined with the conclusions of empirical analysis and the current situation of insurance development,this paper puts forward some relevant policy recommendations.