Empirical Analysis On The Relation Between China Life Insurance And The Influence Elements

China insurance industry has been developed rapidly that has aroused great attention in the world insurance since China carried out its open and reform policy.As a main branch ,China life insurance industry has done great contribution to the concordant society.At the same time,there are many problems that hinder its progress,such as product structure and the balance of different areas in the development.The paper aims at finding out a healthy way for the industry.The paper includes six chapters.The first chapter is the introduction.The author introduces the background and the structure of the paper.The second is about the character of China life insurance industry. In the third chapter, the author analyses the research on the elements that influences life insurance industry theoretically. In the fourth chapter, the author concludes the more important elements by cointegration test and Granger causality tests. There are GDP,deposits,the income of citizens and innovation.A VAR model is established in the fifth chapter. The author probes the way of the influence of the elements and their contribution to the industry by impulse function and variance decomposition. The sixth chapter is the conclusion.The author finds out that China life insurance has the impulse of enlarging its scale, and can grow rapidly if it can use its resources in an efficient way. Innovation that includes institution innovation and product innovation is the most important element that leads to the progress of China life insurance industry. Innovation is the soul of China life insurance industry.