Life and health insurance consumption in China : demographic and environmental risks

Research output: Journal PublicationsJournal Article (refereed)peer-review

8 Citations (Scopus)


This research investigates life and health (LH) insurance consumption by exploiting the significant regional differences in socio-economic, demographic, and environmental factors in China. This paper further decomposes LH insurance consumption into three types: protection, investment, and health products. We find that changes in demographic conditions associated with the one-child policy, the urbanisation process, an ageing population and imbalanced dependency ratio are significantly related to the consumption of LH insurance, and environmental degradation risk is significantly related to the consumption of health insurance. The empirical results also suggest that insurers’ characteristics and pricing strategies are additional important determinants of LH insurance consumption.

Original languageEnglish
Pages (from-to)67-101
Number of pages35
JournalThe Geneva Papers on Risk and Insurance - Issues and Practice
Issue number1
Early online date14 May 2018
Publication statusPublished - Jan 2019

Bibliographical note

Jiang Cheng gratefully acknowledges the support of the National Natural Science Foundation of China [Grant No. 71573164].


  • Demographic conditions
  • Environmental degradation
  • Life and health insurance consumption

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