Research On The Impact Of Insurance Technology On High-Quality Economic Development

China’s economy has turned to the stage of high-quality development.At this stage,the focus of China’s economic work is to accelerate the promotion of high-quality economic development.As an economic booster and social stabilizer,insurance has provided an important guarantee for national economic development and social progress.In the wave sweeping the global insurance industry,insurance technology can not only promote the transformation of insurance from the traditional function of "insurance protection,financing and social management" to the modern function of "risk management,value creation and resource allocation",but also promote the development of the five major development concepts of innovation,coordination,green,openness and sharing,thus promoting the high-quality development of the economy and becoming a high-quality and resilient national economy and society An important financial instrument for sustainable development.Therefore,in order to comply with the development trend of insurance technology,promote the reform and development of the insurance industry,and promote the better service of insurance technology to high-quality economic development,it is an important work to study and analyze the impact of insurance technology on high-quality economic development.At present,most of the existing studies focus on the relationship between insurance technology and economic growth,but few discuss how insurance technology plays a role in high-quality economic development.After summarizing scholars’ definition of the connotation of insurance technology and high-quality economic development,this paper theoretically analyzes the mechanism of insurance technology affecting high-quality economic development,and summarizes the theoretical assumptions of insurance technology affecting high-quality economic development.Using the panel data of 41 prefecture-level cities in the Yangtze River Delta from 2011 to 2020,the entropy method is used to comprehensively measure the high-quality development of the economy in the Yangtze River Delta region,and the Taylor coefficient is used to analyze the regional differences of the high-quality development of insurance technology and economy.Finally,after the spatial econometric analysis of the data,the individual fixed effect model under the spatial lag model is selected to study and analyze the effect of insurance technology on high-quality economic development,and on this basis,the heterogeneity test and robustness test of the data are carried out.This paper mainly draws four conclusions,which are as follows: First,the high-quality economic development level of the Yangtze River Delta in 2011-2020 shows a trend of continuous improvement on the whole,but there is a phenomenon of uneven regional development in high-quality economic development.By analyzing the causes of regional differences,it is found that regional differences mainly come from intra-regional differences,and the high-quality economic development level of central cities is significantly better than that of peripheral cities.Second,insurance technology has an obvious positive effect on the high-quality development of the economy,which is reflected in that the improvement of the development level of insurance technology in the region will promote the high-quality development of the economy in the region,surrounding areas and the whole,and the insurance technology can indirectly promote the high-quality development of the economy by influencing technological progress.Thirdly,among the control variables selected in this paper,human capital,government intervention and industrial structure will promote the high-quality development of the local economy.Fourth,it is found that compared with advanced urbanization cities and primary urbanization cities,insurance technology has a greater impact on high-quality economic development in intermediate urbanization cities,so there is regional heterogeneity in the impact of insurance technology on high-quality economic development.According to the above research conclusions,this paper mainly from the government,insurance companies and regulatory agencies from the three perspectives of the corresponding countermeasures and recommendations.