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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
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    References listed on IDEAS

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    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.
    4. Laffont,Jean-Jacques, 2005. "Regulation and Development," Cambridge Books, Cambridge University Press, number 9780521840187.
    5. Yingyi Qian, 2002. "How Reform Worked in China," William Davidson Institute Working Papers Series 473, William Davidson Institute at the University of Michigan.
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    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. 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.
    3. 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.

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