Working Paper: NBER ID: w31292
Authors: Hanming Fang; Xian Xu
Abstract: In this chapter, we review the development of the insurance industry in China, and provide a comprehensive discussion of its regulatory framework, major insurance segments, market structure, InsurTech, social insurance, and the challenges and prospects for the future development of the insurance market in China.
Keywords: No keywords provided
JEL Codes: G22; G28; H55; L11; O16
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Economic reforms (E69) | Growth of the insurance industry (G22) |
| Reallocation of economic activities from state-owned enterprises to the private sector (P31) | Increased demand for risk management (G52) |
| Increased exposure of Chinese households to market risks (G59) | Growth of various insurance products (G52) |
| Economic growth (O00) | Demand for risk management (G52) |