Affiliation(s)
Wang Xujin, professor of Insurance，Director of Insurance Department of Beijing Technology and Business University, Director of Insurance Research Center of Beijing Technology and Business University, member of the People’s Republic of China Ministry of Education Finance Teaching Guidance Committee, standing executive director of the Asia-Pacific Risk and Insurance Association, executive director of the Insurance Institute of China, Arbitrator of the Beijing Arbitration Commission, Insurance Department of Beijing Technology and Business University, Beijing, 100048 P. R. China.
Guo Xia, graduate student majoring in risk management and insurance, Insurance Department of Beijing Technology and Business University, Beijing, 100048 P. R. China.
Yi Shanmei, graduate student majoring in risk management and insurance, Insurance Department of Beijing Technology and Business University, Beijing, 100048 P. R. China.
ABSTRACT
This article seeks to analyze the contradictions and recommendations to China’s insurance industry in the context of low-growth and low interest market. Under the pressure caused by the contradictions between the sustainable growth in the insurance premium income and the low ROI, it is very important to solve these contradictions for maintaining a sustainable and steady growth in insurance industry, at the same time, it is also favorable to play a role as a social stabilizer as well as an economic booster for insurance industry. This paper can be divided into four parts: Part I analyzes the five basic characteristics of Chinese low-growth and low-interest insurance industry; part Ⅱelaborates the principal contradictions faced by Chinese low-growth and low-interest insurance industry; part Ⅲ analyzes the development environment of Chinese insurance industry; part Ⅳ proposes the recommendations to solve these contradictions.
KEYWORDS
low-growth, low-interest, insurance industry, market economy, restructuring, capital market
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