Outline of the Marketization of Insurance Premium Rates in China

Author: Zhu Junsheng
Publisher:
Publish Date: 2005-03-01
Features: In his work, Zhu Junsheng starts from the general theory of insurance rates, including the nature of rates, pricing theory, and pricing principles, and examines and explains the practice and effects of insurance rate regulation and marketization of insurance rates using theories from economics, finance, and insurance. This book may be the first specialized monograph in China on the marketization of insurance rates. Its theoretical significance lies in: conducting a systematic study of the marketization of insurance rates and establishing a relatively complete theoretical framework. Its practical significance lies in:
At the macro level, it can provide valuable references for insurance regulatory authorities to advance rate marketization reforms, strengthen solvency supervision, and manage rate risks.
At the meso level, it can serve as a reference for insurance industry associations to support rate marketization reforms, promote industry data sharing, formulate benchmark rates, coordinate the interests of member companies, and maintain market competition order.
At the micro level, it can offer actionable suggestions for insurance companies to reform their property rights, improve the performance of insurance fund utilization, and establish an internal control system for rate risk management.