Research On The Impact Of Insurance Technology On The Income Gap Between Urban And Rural Residents From The Perspective Of Co Prosperity And Prosperity

The report of the 20 th CPC National Congress pointed out that common prosperity is one of the most important characteristics of Chinese path to modernization.We need to focus on promoting urban-rural integration and coordinated regional development,so as to effectively improve the quality of the economy and achieve reasonable quantitative growth.The integrated development of urban and rural areas regards urban and rural areas as an organic whole.Its core is to narrow the income gap between urban and rural areas,promote the two-way flow of production factors between urban and rural areas,and rationally allocate public resources.How to achieve this goal? Agricultural insurance plays an important role.In 2022,the China Banking and Insurance Regulatory Commission issued the "Management Measures for Agricultural Insurance Underwriting and Claims Settlement",which set specific requirements for insurance to serve modern agriculture.It is emphasized that insurance technology should be a top priority,and information technology should be used to improve the effectiveness of underwriting and claims settlement services,promote technology empowerment,and maximize the risk protection needs of the insured.Insurance technology has expanded the traditional functions of insurance,while also promoting technological innovation.That is,through the advantages of the insurance industry,to achieve service and financial support for scientific and technological innovation,deepen agricultural modernization,broaden farmers’ income channels,and curb the further expansion of the urban-rural income gap.Firstly,based on studying a large number of scholars’ research on insurance technology,this article clarifies the connotation and extension of insurance technology and urban-rural income gap;Subsequently,using the theory of the vicious circle of poverty,risk management theory,incomplete competition market theory,insurance demand theory,and so on,the mechanism of insurance technology in reducing the income gap between urban and rural areas is analyzed and explained,and then research assumptions are drawn.Based on theoretical derivation,this paper studies the intermediary effect of technological innovation in the process of insurance technology affecting urban-rural income disparity by selecting relevant indicators and using a stepwise test regression analysis method;On this basis,the countermeasures to promote insurance technology innovation are proposed.This article is divided into five chapters.The first chapter mainly elaborates the background and significance of this study.At the same time,this article also combs and summarizes relevant domestic and foreign literature,and points out the innovation and shortcomings of this paper;The second chapter defines the connotation and extension of insurance technology,urban-rural income gap,and common prosperity,and explains the relevant theories cited in the article;The third chapter analyzes the mechanism of the impact of insurance technology on the urban-rural income gap based on relevant theories,and provides reasonable hypotheses;In Chapter 4,under the theoretical framework of Chapter 3,relevant indicators are selected and empirical tests are conducted by constructing models to verify the research assumptions of this article;The fifth chapter summarizes and analyzes the results of empirical testing,and provides countermeasures and suggestions to promote the construction of common prosperity with the support of insurance technology.The research results show that: firstly,insurance technology can effectively reduce the urban-rural income gap,with an impact coefficient of-0.112 in the main regression,indicating that every 1% increase in the insurance technology index will reduce the urban-rural income gap by 0.112;Secondly,insurance technology has a positive incentive effect on technological innovation,with an impact coefficient of0.540;Thirdly,after introducing technological innovation as an intermediary variable,both insurance technology and technological innovation have a significant impact on the income gap between urban and rural residents,with coefficients of-0.0903 and-8.00e-07.This indicates that technological innovation has a mediating effect in the impact of insurance technology on the urban-rural income gap.Therefore,insurance companies should continue to strengthen core technology research and development efforts,cultivate versatile talents,and focus on segmented fields to promote insurance technology innovation;The government should play a leading and supporting role,provide policy and financial support,and formulate differentiated development strategies.