A perfectly competitive insurance market means that there are a large number of insurance companies in an insurance market, and any company can freely enter and exit the market. No insurer can control the market price alone, but the insurance market spontaneously adjusts the price of insurance commodities.
(2) Complete monopoly mode
Complete monopoly of the insurance market means that the insurance market is completely controlled by an insurance company, which can be state-owned or private. In the completely monopolized insurance market, the laws of value, supply and demand and competition are greatly restricted. There is no competition, no substitute products and no insurance companies to choose from. Therefore, this insurance company can obtain excess profits by virtue of its monopoly position.
(3) Monopoly competition mode
In the insurance market under monopolistic competition mode, large and small insurance companies coexist, and a few large insurance companies gain a monopoly position in the market.
The characteristics of competition are: fierce competition among monopoly companies, monopoly companies and non-monopoly companies, and fierce competition among non-monopoly companies.
(4) Oligopoly model
Oligopoly insurance market means that there are only a few competing insurance companies in an insurance market. Under this market model, the insurance business is still based on the market, but the insurance market is highly monopolistic.