Shaanxi Insurance Industry Development And Economic Growth Study

Since the reform and opening up, Shaanxi insurance industry with the development of China’s economic system and the transformation, achieved very significant, so its development speed than China’s national economic development speed to quickly. In recent years, the income situation of Shaanxi insurance industry shows high growth rate, an average annual increase of up to26%, and the density of insurance, insurance and depth has also obtained the very big improvement, with the continuous development of marketization in Shaanxi area and the continuous promotion of economic system reform, as well as the main insurance and insurance market construction of continuous improvement and perfection, the Shaanxi insurance industry scale expands gradually, more and more significant role in promoting the economic development of Shaanxi area.Research at home and abroad for the development of the insurance industry and the economic growth, is still in the initial stage, there are not many references, economic models and research methods that can be used for reference, although some scholars have conducted a preliminary study, but, so far, have not formed a comprehensive, systematic research results. For the insurance industry, it is part of the financial services industry, will have the same function with the financial services industry, for example, the configurations of social resources, to finance capital, create economic value. And not only so, the insurance industry can also provide risk management, economic compensation for social, economic function of loss prevention and other important, it can be seen, the insurance industry to economic growth not only played a very important role in the ordinary and special financial services industry function. In the Shaanxi area, the insurance industry started relatively late, the foundation is weak, the current level of development and scale, and not the securities industry and banking were compared, however, due to the particularity of its own function, contribution, and rapid development of ten years to the District of Shaanxi economic growth has played a special and more more and more.Based on the above reasons, this paper through the analysis of the development of Shaanxi insurance industry and economic growth data, combined with theoretical analysis and empirical analysis, with the economic theory of industry economics and service as the foundation, the research on the development of Shaanxi insurance industry’s contribution to economic growth. At the same time, according to the particularity of the economic function of the insurance industry, analysis of the insurance sector’s contribution to economic growth is not only reflected in the direct contribution to the GDP, and more reflected in the indirect contribution and influence of insurance functions on economic growth, namely Industry Association Insurance and Industry Based on spread. The main reason to affect the development of the insurance industry in Shaanxi and analysis of its development trend and features combined with the insurance industry in Shaanxi area, reform methods and policies and give reasonable suggestion.