Study On Regional Insurance Development And Constructing Regional Insurance Center

With the deepening development of regional economy and regional insurance, establishment ofregional insurance center in the radiation functional and wide-range service mega city is on theagenda. Under the guidelines of general insurance theories, insurance development theories,insurance function theories, financial agglomeration and financial center theories, the paperdefines the basic meanings of insurance, regional insurance center and insurance developmentelements. According to massive data comparison, the paper presents the East, the Middle and theWest regional insurance development, analyzes that regional insurance development imbalanceis the performance and cause as the main contradiction of insurance development. Therefore, thepaper promotes to refine insurance regions under the background of Eight Economic Cycles anddifferent regional insurance development through constructing regional insurance center.Thepaper takes Guangzhou as an example to research the issues of constructing regional insurancecenter. Using principal component analysis to study Guangzhou’s insurance status in Pearl RiverDelta and Guangzhou’s insurance status in national main cities, the outcome shows Guangzhouinsurance comprehensive competitive strength ranks the third of national, the first of Pearl RiverDelta, which reveals the probability of constructing regional insurance center. Based on these,the paper further proves the economic and financial conditions of constructing regional insurancecenter of Guangzhou, and promotes the suggestions of developing insurance headquartereconomy， insurance servicing finance, insurance servicing industries, insurance servicingexternal trade and insurance servicing the people live hood.