Analysis on Factors Affecting Life Insurance Demand in China

DOI

10.2991/assehr.k.211209.035How to use a DOI?

Keywords

life insurance; insurance demand; regression analysis

Abstract

Since the reform and opening-up, China’s economy has enjoyed a good momentum of development and comprehensive national strength has been increased day by day. With the economic development and the improvement of people’s consumption level, the demand market for life insurance products has also developed rapidly. However, compared with the overall economic development speed of China, China’s life insurance demand market still needs to be further explored. Therefore, it is of great practical significance to study and analyze the factors influencing the demand for life insurance. This article adopts the method of combining theoretical analysis and empirical model analysis to conduct research, systematically introduces and summarizes the research results in China, and meanwhile introduces some life insurance demand theories, such as the motivation and development prospect of life insurance demand, so as to provide theoretical support for the analysis below. Then using linear regression analysis to demonstrate the influencing factors of China’s life insurance demand in detail. The specific data is from 2011 to 2019, and the analysis tool is mainly SPSS. The article identifies factors that lead to variations in life insurance demand. Important factors are found to be the price of life insurance, national income, inflation, government spending on social security [7], also, epidemic situation should be taken into account.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yufei Li
PY  - 2021
DA  - 2021/12/15
TI  - Analysis on Factors Affecting Life Insurance Demand in China
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 212
EP  - 217
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.035
DO  - 10.2991/assehr.k.211209.035
ID  - Li2021
ER  -