How Does COVID-19 Affect China's Insurance Market?

被引:79
|
作者
Wang, Yating [1 ]
Zhang, Donghao [2 ]
Wang, Xiaoquan [2 ]
Fu, Qiuyao [3 ]
机构
[1] Capital Univ Econ & Business, Sch Finance, Beijing, Peoples R China
[2] Southwestern Univ Finance & Econ, Sch Insurance, Chengdu, Peoples R China
[3] Southwestern Univ Finance & Econ, Sch Econ, Chengdu, Peoples R China
关键词
COVID-19; adverse shock; fixed-effects model; insurance market; China;
D O I
10.1080/1540496X.2020.1791074
中图分类号
F [经济];
学科分类号
02 ;
摘要
The insurance market has been greatly impacted by the outbreak of the COVID-19 pandemic. We employ monthly provincial panel data and fixed-effects models to study how COVID-19 has impacted China's insurance market. The study finds that the commercial insurance premium income, the monthly year-on-year growth rate of premium, insurance density, and insurance depth have all decreased due to COVID-19. The negative impacts on property and personal insurances are both statistically significant. Raising the level of social security and digital insurance can alleviate the adverse impact of the pandemic on the insurance market.
引用
收藏
页码:2350 / 2362
页数:13
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