Open AccessResearch report on domestic and foreign insurance products
Author(s) -
Qin Chenyi,
F. Xu,
Yuqing Chen,
Mingke Tian,
Zhiming Liu
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/692/4/042122
Subject(s) - life insurance , business interruption insurance , insurance industry , business , key person insurance , general insurance , income protection insurance , insurance law , insurance policy , actuarial science
From the beginning, human society has an insurance awareness to deal with disasters and an insurance concept to accumulate wealth. In the spring and Autumn Period, Confucius’ thought of “spelling more than one” is quite representative. As an important element in the insurance industry, life insurance can effectively help people transfer risks, accumulate wealth, and plan life finances. The development of the life insurance industry and the improvement of its competitiveness are of great value to my country’s insurance industry. With the rapid growth of the Chinese economy since the reform and opening up, the life insurance industry has also maintained a rapid development trend. However, compared with overseas markets, my country’s life insurance industry still faces many constraints and development problems.