Analysis Of Chinese Insurance Industry Organization Under The Opening Condition

As an important branch of financial industry, the insurance industry has developed rapidly since our country restored domestic insurance business in the early 1980s. Now banking industry,securities industry and insurance industry are becoming the three pillars of financial industry, it holds an important position in the operation of the national economy. By the end of 2001, china enter into WTO, this marked a new level of the opening up of china's financial service market, By the end of 2004,with the end of protection period, the restrictions of the geographical scope and business scope in which foreign insurance companies are operating have been lifted , China's insurance companies and foreign insurance companies have entered a stage of all-round competition. Insurance markets are facing a re-shuffling. In this paper I provide a theoretical basis for the comprehensive analysis of insurance industry organization under opening condition through the explaining of the theory of insurance industry and industrial organization. Then systematically reviewed the opening up of China's insurance market in the historical process, analyzing the main issues of the development of China's insurance industry, and learn from the experience of opening up the insurance market of Some countries on the basis of the introduction in details of the impact of foreign capital on China's insurance industry organization. This paper further proposes some industrial organization policies to speed up the development of China's insurance industry. These policies include: Accelerating insurance innovation; Improving the quality of employees Of China's insurance industry; Adjusting China's insurance market entry and exit policy; Optimizing the insurance industrial tax policy; Improving China's insurance regulatory policies.