The Study Of The Development Of Microinsurance In Ghina

From the China’s reform and opening up, China’s economy keep developing and basically reached the level of well-off, marking the most of population has been lifted out of poverty. But it is worth noting that between the level of our country’s well-off and other countries of the world there is a large gap, China is facing the high income gap, the low overall income, fast raising price and many other issues. These prob-lems are caused by China’s economic development for larger obstacles.As an important part of the financial sector, insurance industry has played an im-portant role in the national economy. But low-income people with the higher risk are not the main service targets of insurance company, these risk management of low-income has become a problem. Microinsurance appears to resolve low-income people without insurance can provide a security situation solution. Microinsurance thus began to be the world’s governments and relevant organizations concerned, and are considered a highly promising tool for poverty alleviation.This paper uses comparative study for the development of microinsurance, fo-cusing on the reasons for the direction and development of microinsurance in different environment, and to explore the basis of this small country future direction of insur-ance.This paper has five parts; the specific contents are as follows:Chapter1introduces the background and purpose of this article, and mainly re-lated to the research literature review of microinsurance.Chapter2firstly studies the nature of the microinsurance, explains the character and content of microinsurance. Secondly, microinsurance risk theory explained the main risks of microinsurance. After that, for the analysis of supply and demand mi-croinsurance explores the actual needs of China’s microinsurance. Finally, talking about the theory of bottom of the pyramid the development of microinsurance for a greater impact on the. Chapter3describes the development of microinsurance in the context of product developments and policy regulatory conditions, analyzes the current microinsurance inadequacies. And makes an empirical analysis for domestic demand for microinsur-ance, estimate the maximum sustainable microinsurance premiums. Finally, the chap-ter also involves a study for the development of microinsurance in Taiwan, and pro-vides a reference for future development of mainland.Chapter4major in the developments of microinsurance case in India, Brazil and South Africa, made research of the development of microinsurance products, regula-tory issues. Through case studies of foreign and domestic studies in contrast, made reference to the further development of microinsurance in China.Chapter5, mainly to provide policy recommendations for the future development of the microinsurance in China, from the main body of the market, product strategy, regulatory reform, publicity and other aspects and points out the future development direction of microinsurance in our country.