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

Research output: Journal PublicationsJournal Article (refereed)

Abstract

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
Volume44
Issue number1
Early online date14 May 2018
DOIs
Publication statusPublished - Jan 2019

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Health insurance
Environmental risk
Demographics
Life insurance
China
Demographic factors
Dependency ratio
Environmental factors
Socioeconomic factors
Aging population
Pricing strategy
Environmental degradation
Empirical results
Urbanization
Health
Insurer
Regional differences

Bibliographical note

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

Keywords

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

Cite this

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abstract = "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.",
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Life and health insurance consumption in China : demographic and environmental risks. / CHENG, Jiang; YU, Lu.

In: The Geneva Papers on Risk and Insurance - Issues and Practice, Vol. 44, No. 1, 01.2019, p. 67-101.

Research output: Journal PublicationsJournal Article (refereed)

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