Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)

The Impact of Covid-19 on Chinese Insurance Market

Authors
Lingxi Huang1, *
1Australia National University, Canberra, Australia
*Corresponding author. Email: u6976398@anu.edu.au
Corresponding Author
Lingxi Huang
Available Online 2 December 2022.
DOI
10.2991/978-94-6463-010-7_11How to use a DOI?
Keywords
China; Covid-19; insurance market; negative effect; positive effect
Abstract

In 2020, the Covid-19 spreads around the world, this research focuses on the influences of Covid on the Chinese insurance market. By using theoretical and data analysis, this study finds that this pandemic has negative impact on the market in the short term. There is a sharp decrease in the total premium collected for both social and commercial insurance. However, they rebound in the midterm, when China has control over the spread of the epidemic and resurgence of social activities. In the long term, Covid has a positive effect on the insurance market. People have reduced their prejudice against insurance after the Initiatives of insurance companies in times of this crisis. Furthermore, market is aware of their high dependence on offline sales and imperfection of online platforms. In addition, it also increases the demand of public to purchase insurance.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 December 2022
ISBN
10.2991/978-94-6463-010-7_11
ISSN
2589-4919
DOI
10.2991/978-94-6463-010-7_11How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Lingxi Huang
PY  - 2022
DA  - 2022/12/02
TI  - The Impact of Covid-19 on Chinese Insurance Market
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 78
EP  - 84
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_11
DO  - 10.2991/978-94-6463-010-7_11
ID  - Huang2022
ER  -