The Development and Regulation of China's Insurance Market: History and Perspectives

23 Pages Posted: 16 Sep 2014

See all articles by Bingzheng Chen

Bingzheng Chen

Tsinghua University - School of Economics & Management

Sharon L. Tennyson

Cornell University - Department of Policy Analysis & Management (PAM)

Maoqi Wang

Tsinghua University - School of Economics & Management

Haizhen Zhou

Zhejiang University of Finance and Economics (ZUFE) - School of Finance

Date Written: Fall 2014

Abstract

China's private insurance market has been developing rapidly since the 1980s. Regulation of the market has developed in tandem with its growth. This article provides a systematic overview of China's insurance regulatory system and the evolving process of insurance supervision and regulation. The nature and direction of regulatory changes are evaluated in light of theories of public reform and the special character of China among developing economies.

Suggested Citation

Chen, Bingzheng and Tennyson, Sharon L. and Wang, Maoqi and Zhou, Haizhen, The Development and Regulation of China's Insurance Market: History and Perspectives (Fall 2014). Risk Management and Insurance Review, Vol. 17, Issue 2, pp. 241-263, 2014, Available at SSRN: https://ssrn.com/abstract=2496689 or http://dx.doi.org/10.1111/rmir.12012

Bingzheng Chen (Contact Author)

Tsinghua University - School of Economics & Management ( email )

Beijing, 100084
China

Sharon L. Tennyson

Cornell University - Department of Policy Analysis & Management (PAM) ( email )

252 MVR Hall
Ithaca, NY 14853
United States
607-255-2619 (Phone)
607-255-4071 (Fax)

Maoqi Wang

Tsinghua University - School of Economics & Management ( email )

Beijing, 100084
China

Haizhen Zhou

Zhejiang University of Finance and Economics (ZUFE) - School of Finance ( email )

China

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