The insurance industry in China is the industry with the earliest "opening time", the greatest opening strength and the fastest development speed in China's financial industry. Although China's insurance industry has developed rapidly in recent years and made some achievements, there is still a big gap compared with the development level of foreign countries, and there are still many problems in the development of domestic insurance industry. Starting with the development history of insurance industry in China, this paper expounds the present situation of insurance industry in China and looks forward to its development prospect.
Insurance means safety and reliability; Later, it expanded into a security mechanism, which is a tool for planning life finance. It is the basic means of risk management under the condition of market economy and an important pillar of financial system and social security system.
Insurance refers to the commercial insurance behavior that the applicant pays the insurance premium to the insurer according to the contract, and the insurer is liable for the property losses caused by the possible accidents agreed in the contract, or when the insurer dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.
From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.