IDEAS home Printed from https://ideas.repec.org/a/bla/rmgtin/v17y2014i2p241-263.html
   My bibliography  Save this article

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

Author

Listed:
  • Bingzheng Chen
  • Sharon Tennyson
  • Maoqi Wang
  • Haizhen Zhou

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

  • Bingzheng Chen & Sharon Tennyson & Maoqi Wang & Haizhen Zhou, 2014. "The Development and Regulation of China's Insurance Market: History and Perspectives," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(2), pages 241-263, September.
  • Handle: RePEc:bla:rmgtin:v:17:y:2014:i:2:p:241-263
    DOI: 10.1111/rmir.12012
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/rmir.12012
    Download Restriction: no

    File URL: https://libkey.io/10.1111/rmir.12012?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Yingyi Qian, 2000. "The Process of China's Market Transition (1978-1998): The Evolutionary, Historical, and Comparative Perspectives," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(1), pages 151-151, March.
    2. Qian, Yingyi, 2002. "How Reform Worked in China," CEPR Discussion Papers 3447, C.E.P.R. Discussion Papers.
    3. Laffont,Jean-Jacques, 2005. "Regulation and Development," Cambridge Books, Cambridge University Press, number 9780521549486, September.
    4. repec:cup:cbooks:9780521840187 is not listed on IDEAS
    5. Yingyi Qian, 2002. "How Reform Worked in China," William Davidson Institute Working Papers Series 473, William Davidson Institute at the University of Michigan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James Barrese & Ping Wang & Ji Zhang, 2016. "The Effects of Urbanization on Insurance Consumption—The experience of China," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 19(2), pages 285-306, September.
    2. Yu Yan & Michael Faure, 2021. "Government interventions in microinsurance: evidence from China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(3), pages 440-467, July.
    3. Douglas Bujakowski, 2021. "China's nonlife insurance market: New insights from the China Insurance Yearbook," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 24(1), pages 127-135, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giovanni Dosi & Jiasu Lei & Xiaodan Yu, 2013. "Institutional Change and Productivity Growth in China's Manufacturing 1998-2007: the Microeconomics of Creative Restructuring," LEM Papers Series 2013/07, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Chari, Murali D.R. & Banalieva, Elitsa R., 2015. "How do pro-market reforms impact firm profitability? The case of India under reform," Journal of World Business, Elsevier, vol. 50(2), pages 357-367.
    3. Yiu Por (Vincent) Chen, 2016. "Fiscal Decentralization, Rural Industrialization and Undocumented Labour Mobility in Rural China, 1982–87," Regional Studies, Taylor & Francis Journals, vol. 50(9), pages 1469-1482, September.
    4. Jiang, Helu & Zheng, Yu & Zhu, Lijun, 2022. "Entry Barriers and Growth: The Role of Endogenous Market Structure," CEPR Discussion Papers 15763, C.E.P.R. Discussion Papers.
    5. Jentzsch, Nicola, 2008. "An economic analysis of China's credit information monopoly," China Economic Review, Elsevier, vol. 19(4), pages 537-550, December.
    6. repec:ces:ifodic:v:2:y:2004:i:2:p:14567799 is not listed on IDEAS
    7. Gérard Roland, 2004. "Institutions and Economic Performance - Fast-moving and Slow-moving Institutions," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2(02), pages 16-21, October.
    8. Wei, Chu & Löschel, Andreas & Liu, Bing, 2015. "Energy-saving and emission-abatement potential of Chinese coal-fired power enterprise: A non-parametric analysis," Energy Economics, Elsevier, vol. 49(C), pages 33-43.
    9. Alice Nicole Sindzingre, 2011. "The Conditions for Long-Term Growth in Sub-Saharan Africa: China as a Model, a Contraint and an Opportunity," Post-Print halshs-03604139, HAL.
    10. Gérard Roland, 2004. "Institutions and Economic Performance - Fast-moving and Slow-moving Institutions," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 2(2), pages 16-21, October.
    11. Shuxing Shi & Kunming Huang & Dezhu Ye & Linhui Yu, 2014. "Culture and regional economic development: Evidence from China," Papers in Regional Science, Wiley Blackwell, vol. 93(2), pages 281-299, June.
    12. Bruno Meessen & Gerald Bloom, 2007. "Economic Transition, Institutional Changes and the Health System: Some Lessons from Rural China," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 10(3), pages 209-231.
    13. Helu Jiang & Yu Zheng & Lijun Zhu, 2023. "Entry Barriers and Growth: The Role of Endogenous Market Structure," Working Papers 956, Queen Mary University of London, School of Economics and Finance.
    14. Rodríguez-Pose, Andrés & Hardy, Daniel, 2017. "Firm competitiveness and regional disparities in Georgia," LSE Research Online Documents on Economics 67543, London School of Economics and Political Science, LSE Library.
    15. Bruno Meessen & Gerald Bloom, 2007. "Economic Transition, Institutional Changes and the Health System: Some Lessons from Rural China," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 209-231.
    16. Ramanujam Nandini & Caivano Nicholas, 2016. "The BRIC Nations and the Anatomy of Economic Development: The Core Tenets of Rule of Law," The Law and Development Review, De Gruyter, vol. 9(2), pages 269-320, December.
    17. Jiandang Liu & Jie Tang & Bo Zhou & Zhijun Liang, 2018. "The Effect of Governance Quality on Economic Growth: Based on China’s Provincial Panel Data," Economies, MDPI, vol. 6(4), pages 1-23, October.
    18. Wang, Yuanyuan & You, Jing, 2012. "Corruption and firm growth: Evidence from China," China Economic Review, Elsevier, vol. 23(2), pages 415-433.
    19. Eggleston, Karen & Wang, Jian & Rao, Keqin, 2008. "From plan to market in the health sector?: China's experience," Journal of Asian Economics, Elsevier, vol. 19(5-6), pages 400-412.
    20. Liang, Quanxi & Wang, Zhimin & Guan, Xin & Qin, Wei, 2023. "Party direct control and corporate fraud: Evidence from China," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 274-290.
    21. Marcelo de Paiva Abreu, 2005. "China´s emergence in the global economy and Brazil," Textos para discussão 491, Department of Economics PUC-Rio (Brazil).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:rmgtin:v:17:y:2014:i:2:p:241-263. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1098-1616 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.