Impetus, Structure, Efficiency And Performance Of Chinese Insurance Industry

Since resuming business in 1980, insurance industry of China has been developing rapidly. Under this background and based on theories of industry organization, this paper studies several key problems of Chinese insurance industry, i.e., its driving factors, its market structure and behaviors, insurers` efficiency and performance, and the relation among the structure, efficiency and performance. Most of these studies are empirical ones.This paper is mainly comprised of four sections, which are section of the guide; section of the relation of insurance industry growth and GDP growth; section of the Chinese insurance industry` structure, behaviors, efficiency and performance; section of conclusion and suggestion.The main contents of this paper include: 1.Testify the co-integration relation and Granger Causality between GDP and premium income with VAR model and ECM model; 2.Probe the driving factors of Chinese insurance industry; 3. Describe briefly the market structure of Chinese insurance industry and analyze the insurer's behaviors from competition and collusion prospects; 4.Construct a index system for appraising performance of Chinese insurance industry, and study with factor analyze theory; 5.Explore the efficiency problem of Chinese insurance industry with CRS model, VRS model, NIRS model and Malmquist Index model; 6. Explore the relation among the structure, efficiency and performance of Chinese insurance industry and testify the collusion hypothesis and the efficient structure hypothesis.