In this paper, we investigate the disparities of China’s insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance mar...In this paper, we investigate the disparities of China’s insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance market into two parts, namely property insurance and personal insurance.By constructing and analyzing minimum spanning trees of insurance market, we obtain the results as follows:(i) The connections between provinces are much closer than those of firms, and there are regional links between neighboring provinces in the minimum spanning tree(MST); and(ii) the domestic funded firms and foreign funded firms form two explicit clusters in the MSTs of property and personal insurance market.展开更多
This paper deals with an extension of the one-period model in non-life insurance markets (cf. [1]) by using a transition probability matrix depending on some economic factors. We introduce a multi-period model and in ...This paper deals with an extension of the one-period model in non-life insurance markets (cf. [1]) by using a transition probability matrix depending on some economic factors. We introduce a multi-period model and in each period the solvency constraints will be updated. Moreover, the model has the inactive state including some uninsured population. Similar results on the existence of premium equilibrium and sensitivity analysis for this model are presented and illustrated by numerical results.展开更多
China's underwear market, concurrently with the transformation of China's fashion companies' structure performed in recent years, has attracted numerous underwear brands to share the large but limited mark...China's underwear market, concurrently with the transformation of China's fashion companies' structure performed in recent years, has attracted numerous underwear brands to share the large but limited market,especially after entering WTO. Confronting the sharp competition, how can the China's companies survive?The following study answers this urgent question by introducing one functioning pattern for international matured brands to spread in the China's market.展开更多
The insurance industry in the Slovak Republic has become an important dynamically developing area of economy.Insurance affects all the activities into the national economy,touching every company,business,citizen,socie...The insurance industry in the Slovak Republic has become an important dynamically developing area of economy.Insurance affects all the activities into the national economy,touching every company,business,citizen,society,and foreign countries.The Slovak insurance market is developed.As at 31.12.2017,there operated 21 commercial insurance companies on the Slovak commercial insurance market.The evolution of the market in life insurance in recent years is more dynamic than in the non-life insurance.展开更多
Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three d...Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.展开更多
The ASEAN Economic Community （AEC） creates a common market for 10 member countries including Brunei, Cambodia,Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Vietnam＇s partici...The ASEAN Economic Community （AEC） creates a common market for 10 member countries including Brunei, Cambodia,Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Vietnam＇s participation in AEC willinevitably support insurers as well as Vietnam＇s insurance market in expanding and deepening its presence in the regionalmarket, which contributes to the increasing need of insurance participation, attracting foreign-invested insurers to Vietnaminsurance market, the renovation of management methods, the application of advance technology, etc. However, except fromthose opportunities, this also brings many challenges for the domestic market and insurance companies such as strongregional competition for insurance market, difficulties in accessing AEC insurance market, weak capacity in insurancetechnology and enterprises＇ capital sources, the shortage of international standards, and limitations in applying science andtechnology to management The paper focuses on analyzing AEC insurance regulations; identifying which challenges Vietnaminsurance market faces; and proposing recommendations to overcome these challenges.展开更多
Aging of population will cause a series of socio- economic and population problems /exerting great pressure and challenge on the social security system.Through the connection of quantitative analysis,qualitative analy...Aging of population will cause a series of socio- economic and population problems /exerting great pressure and challenge on the social security system.Through the connection of quantitative analysis,qualitative analysis,empirical study and normative study,as well as data collection and analysis of the state of supply and demand of the commercial endowment insurance market in China,this paper analyzes the factors that influence the effective demand and effective supply of the commercial endowment insurance in China,makes further analysis of the total amount and structure,and finally draws the conclusion on and puts forward advice about the effective development of the commercial endowment insurance market in China.展开更多
The efficient market hypothesis is one of the most important theories in finance.According to this hypothesis,in a stock market with sound laws,good functions,high transparencies,and extensive competitions,all valuabl...The efficient market hypothesis is one of the most important theories in finance.According to this hypothesis,in a stock market with sound laws,good functions,high transparencies,and extensive competitions,all valuable information is timely,accurately,and fully reflected in the trend of stock prices including the current and future values of enterprises.Unless there are market manipulations,it would be impossible for investors to gain more above the average profits in the market by analyzing former prices.Since the efficient market hypothesis has been introduced,it has become an interest in the empirical research of the security market.It is one of the most controversial investment theories and there are many evidences supporting and also opposing this hypothesis.Nevertheless,this hypothesis still holds an important status in the basic framework of mainstream theories in modem financial markets.By analyzing simulated investment transactions in regard to stock trading of three different enterprises,this paper verified that the efficient market hypothesis is partially valid.展开更多
Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and for...Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and foreign-funded insurance companies are competing fiercely and both have achieved development through the competition.展开更多
基金Supported by National Natural Science Foundation of China(71373072,71340014 and 71501066)the China Scholarship Council(201506135022)+1 种基金the Specialized Research Fund for the Doctoral Program of Higher Education(20130161110031)the Foundation for Innovative Research Groups of the National Natural Science Foundation of China(71521061)
文摘In this paper, we investigate the disparities of China’s insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance market into two parts, namely property insurance and personal insurance.By constructing and analyzing minimum spanning trees of insurance market, we obtain the results as follows:(i) The connections between provinces are much closer than those of firms, and there are regional links between neighboring provinces in the minimum spanning tree(MST); and(ii) the domestic funded firms and foreign funded firms form two explicit clusters in the MSTs of property and personal insurance market.
文摘This paper deals with an extension of the one-period model in non-life insurance markets (cf. [1]) by using a transition probability matrix depending on some economic factors. We introduce a multi-period model and in each period the solvency constraints will be updated. Moreover, the model has the inactive state including some uninsured population. Similar results on the existence of premium equilibrium and sensitivity analysis for this model are presented and illustrated by numerical results.
文摘China's underwear market, concurrently with the transformation of China's fashion companies' structure performed in recent years, has attracted numerous underwear brands to share the large but limited market,especially after entering WTO. Confronting the sharp competition, how can the China's companies survive?The following study answers this urgent question by introducing one functioning pattern for international matured brands to spread in the China's market.
文摘The insurance industry in the Slovak Republic has become an important dynamically developing area of economy.Insurance affects all the activities into the national economy,touching every company,business,citizen,society,and foreign countries.The Slovak insurance market is developed.As at 31.12.2017,there operated 21 commercial insurance companies on the Slovak commercial insurance market.The evolution of the market in life insurance in recent years is more dynamic than in the non-life insurance.
文摘Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.
文摘The ASEAN Economic Community （AEC） creates a common market for 10 member countries including Brunei, Cambodia,Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Vietnam＇s participation in AEC willinevitably support insurers as well as Vietnam＇s insurance market in expanding and deepening its presence in the regionalmarket, which contributes to the increasing need of insurance participation, attracting foreign-invested insurers to Vietnaminsurance market, the renovation of management methods, the application of advance technology, etc. However, except fromthose opportunities, this also brings many challenges for the domestic market and insurance companies such as strongregional competition for insurance market, difficulties in accessing AEC insurance market, weak capacity in insurancetechnology and enterprises＇ capital sources, the shortage of international standards, and limitations in applying science andtechnology to management The paper focuses on analyzing AEC insurance regulations; identifying which challenges Vietnaminsurance market faces; and proposing recommendations to overcome these challenges.
基金the staged achievement of the first batch of 2015 science and technology program of the Science and Technology Department of Sichuan Province-On the Construction of the Diversified Pension Raising Channel of Sichuan in the Backdrop of Aging of Population:A Case Study of the Consumption Endowment Mode(2015ZR0208)2014 Chengdu Soft Science research project-On the Construction of the Consumption Endowment Operation Mode in Chengdu(2014-RK00-00156-ZF)+1 种基金the 2014 Project of the Research Center of Informatization of Regional Public Management of the Philosophy and Social Science Key Study Base of Sichuan-On the Construction of the Consumption Endowment Mode Based on the Closedloop Effect in the Context of Big Data(QGXH14-07)the General Project of Liberal Arts of 2014 the Education Department of Sichuan-On the Construction and Innovation of the Consumption Endowment Insurance System in the Regions Facing Aging of Population-A Case Study of Sichuan(14SB0048)
文摘Aging of population will cause a series of socio- economic and population problems /exerting great pressure and challenge on the social security system.Through the connection of quantitative analysis,qualitative analysis,empirical study and normative study,as well as data collection and analysis of the state of supply and demand of the commercial endowment insurance market in China,this paper analyzes the factors that influence the effective demand and effective supply of the commercial endowment insurance in China,makes further analysis of the total amount and structure,and finally draws the conclusion on and puts forward advice about the effective development of the commercial endowment insurance market in China.
文摘The efficient market hypothesis is one of the most important theories in finance.According to this hypothesis,in a stock market with sound laws,good functions,high transparencies,and extensive competitions,all valuable information is timely,accurately,and fully reflected in the trend of stock prices including the current and future values of enterprises.Unless there are market manipulations,it would be impossible for investors to gain more above the average profits in the market by analyzing former prices.Since the efficient market hypothesis has been introduced,it has become an interest in the empirical research of the security market.It is one of the most controversial investment theories and there are many evidences supporting and also opposing this hypothesis.Nevertheless,this hypothesis still holds an important status in the basic framework of mainstream theories in modem financial markets.By analyzing simulated investment transactions in regard to stock trading of three different enterprises,this paper verified that the efficient market hypothesis is partially valid.
文摘Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and foreign-funded insurance companies are competing fiercely and both have achieved development through the competition.
