Non-life insurance product design

Author: Shi Xing
Publisher:
Publish Date: 2002-08-01
Features: To ensure that the design framework of insurance products is clear, the products are complete, the regulations are clear, the elements are comprehensive, the definitions are accurate, and the logic is rigorous, this book not only discusses the principles of insurance product design but also proposes important factors to consider in the design of non-life insurance products in China, as well as how to improve the external environment for insurance product innovation. Additionally, it provides meticulous reflections on the procedures and methods of insurance product design. In response to the development trends of insurance products both domestically and internationally, it proposes breakthrough directions for the design of non-life insurance products in China, analyzes the feasibility and prospects of innovation in tourism insurance products, investment-linked insurance products, liability insurance, and insurance products for financial institutions. Starting with the background of the current property insurance clauses in China, this book dissects the problems with these clauses, explores the causes of the "dual-track" and "triple-dual-track" business structures that exist in China's non-life insurance market and the severe consequences they have brought, and based on the principles of insurance product design and the current management system, proposes reform ideas for the current property insurance clauses in China. It also briefly explains the inevitability of the trend toward rate liberalization.