Modern China's First Doctor Of Insurance:Yien Dung's Thought Of Life Insurance

Dung Yien(1905-?)Graduated from the university of Pennsylvania,is the first man who gained his Doctor degree of Insurance overseas in modern China Under the guidance of the famous professor as the father of Insurance education Soloman s.Huebner,Dung Yien completed his doctoral dissertation " life insurance in China:a study of the factors hindering its development".During the PhD in the United States,Dung Yien paid close attention to China's life insurance business and carried on the objective analysis respectively from the development history of life insurance,outstanding development present situations and hindering factors.Although some viewpoints are debatable,but Dung Yien's doctor thesis is the first and the only one that talked about insurance researches in modern China.This Thesis focuses on Dung Yien's academic papers and doctoral dissertation in English,and studies his insurance theories.The structure of the article consists of two parts:introduction and main body.First of all,it mainly introduces the significance of Dung Yien and discusses the innovation points and shortcomings of this thesis.The first chapter introduces the forming background of Dung Yien's insurance thoughts.It is the influence of the integration of Chinese and western insurance theories and the learning process in Pennsylvania.Chapter two introduces The second chapter introduces Deng Xian's description of the lagging development of China Life Insurance.To organize and summarize the content of Dung Yien's dissertation,and answers three questions:the first is that insurance,as an economic means to compensate and share unexpected losses,can be traced back to when?Second,when was the modern life insurance introduced to China?Third,what are the four outstanding performances of the life insurance industry.The third chapter introduces the factors hindering the development of China life insurance.From the macro perspective,including:family system and political and economic background.From micro angle,the important factors hindering the development of the insurance company includes:focus on endowment,premium rate,policy and operational methods,foreign insurance companies,etc.The fourth chapter introduces the proposal to eliminate obstacles to development from economic construction,insurance company cooperation and strengthen insurance education.Chapter five is about the evaluation of Dung Yien' s insurance ideas.Through a comprehensive review of Dung Yien' s insurance thoughs,the author summarized three outstanding characteristics:He inherited and developed his supervisor Huebner' s insurance thoughs,especially "the human life value concept",the development of life insurance has been analyzed accurately and objectively,and Dung Yien's insurance thoughts have been highly evaluated by western academic journals.This paper systematically discusses the insurance thoughts of Dung Yien It aims to show Dung Yien's insurance thoughts on academic achievement in China;analyze Dung Yien's contribution in the process of insurance theory in the westernization in China;and reproduce the trajectory of life insurance in modern China.