Font Size: a A A

Constructing Chinese Reinsurance Market System

Posted on:2001-06-13Degree:MasterType:Thesis
Country:ChinaCandidate:X Y LiuFull Text:PDF
GTID:2156360002952820Subject:Investment economy
Abstract/Summary:PDF Full Text Request
In the late 20 years, our country's former Insurance market has made income great progress. Up to 1999, the insurance income has reached 1393.22 billion yuan at an annual increasing speed of37.4%. And the number of insurance companies has gone up to 30 .A pluralistic competitive market structure has been gradually built up. The prosperity of our country 's insurance market not only set a demand on the constructing of a perfect reinsurance market system, but also provied the objective basis for it.Reinsurance market system is an important compenentpart of the whole insurance system. Whether it is perfect or not is the cardinal criterion to judge the soundness and prosperity of a country's insurance market. At the point of opening our insurance market all梥idedly it seems especially pressing to construct a perfect reinsurance market systemThe status of our reinsurance market and the tense international circumstance urge us to construct our reinsurance market system as soon as possible .In this aspect, the development of international reinsurance market and the theory of industrial economics provided us valuable experience,but no梤eady梞ade model for us.According to the special national condion that ourcountry is on the way to shift, the monopolistic competitive market developing model is worth choosing .It is a logical and practical choice.In spite of the peculiarness of different country's reinsurance market,stock reinsurance company and specialized reinsurance company are main current in present international reinsurance market.lt does not meet the command of model enterprise regulation but also indicate the developing trend of reinsurance market. Of course, the frequent happenings of crises also posed new request for the initiatize of reinsurance system. We must use the precious experience at the time of constructing and developing our reinsurance market system.In those paper,! take the Grst attempt to put the theory of industrial economics and industrial structure into analying our insurance market Through the deduction of the "Market Structure桵arket Conduct桵arketPerformance"model,!select the model of constructing our reinsurance market system,and at same time advance the strategy of building it on the basis of making an international comparison of the reinsurance system and knowing the developing trend of international reinsurance market.By doing this,I try to picture out the way to construct our pluralistic reinsurance market system. "Market structure桵arket conduct ?Market performance"or SCP model theory is traditional as well as developing in industrial system.In this theory,its short梩erm analytical logic follow such a thinkingway,which can be demonstrated as:Market Structure determines Market Conduct and Market Conduct determines Market Performance.But from a long-term point of view,the logic reversed and it turns out to be that Market Performance determines Market Conduct and Market Conduct causes the adjustment of Market Structure.Because of this I think that the interactive model can thoroughly deduct our reinsurance market system.For a long time,our country's reinsurance business has been exclusively managed by China Reinsurance Company. And 'with its high centralization, imperfect scale of economy and complicated entrying,a unitary setup was formed. The setup inevitably led to administrationization of the price conduct of our country's reinsurance enterprise and inertia of their non-price conduct,thus inhibited the intiative of reinsurance company. The realization of Market Structure and Market Conduct on the level of its on-going logic was low Market Performance and marketization degree of our reinsurance company.To develop an industry ,a sound strategy is essential. This is also the requirement for our building reinsurance market system. Viewing the developing status quo of our country and other countries' reinsurance business,our reinsurance strategic goal is to be the center of Asian reinsurance and then grow to be a new polar in world reinsurance market.To achie...
Keywords/Search Tags:strategy, SCP model, Reinsurance system
PDF Full Text Request
Related items