China's Economic Growth To The Development Of Non-life Insurance

With the rapid increase of China's economy, the local none-life insurance market is within a growth process. The essay focuses on the effect on the none-life insurance through the economy growth, and tries to reveal the inner relationship and the channel that the influence makes.Firstly, the essay talks about the development and theories related of the global none-life insurance market. Then the main focus is on the local none-life insurance market, and gets the following conclusion: high speed growth but low developing level, the market is in a diversified process but still with a monopoly character, competition method is getting bounded but price-war is still involved.Secondly, after the discussion of the influence on the none-life insurance developing in the growth economy, the fact analysis is brought in. The analysis is made from two angles, respectively are the influence on the none-life insurance premium income from GDP and from GDP per capita. The conclusion reflects the elasticity of the none-life insurance market.Thirdly, the essay talks about how the economy growth affect the category of the none-life insurance in order to reveal the process of the influence. The essay selects the four main insurance species, automobile insurance, property insurance, marine insurance and casualty insurance, and the discussion is made respectively. And the conclusion is made that automobile insurance that seizes the largest market share is mostly influenced by GDP and the other three is not remarkably influenced in theshort term. According to the conclusion, the author makes analysis. Finally, some advices are made to keep a health growth of the none-life insurance market.