The Empirical Analysis for the Influencing Factors of Life Insurance Demand in Beijing Based on T Correlation

Abstract:

The new period puts forward that developing the insurance industry should be based on the economic society and the people’s needs of the insurance, so a reasonable analysis of the factors affecting the insurance industry demand for the development of the insurance industry is very important. This paper indicates the empirical research to influence factors of Beijing insurance demand by using correctional and improved T related degree according to the related data of Beijing from 2006 to 2010. The results show that social security expenditure, GDP, urban per capita disposable income, outstanding amount of saving deposits of urban and rural residents, the number of insurance institutions and the number of ordinary university students was positively associated with the premium income in Beijing, and the influence degree weakened in turn; Urban unemployment rate and mortality rate was negatively relevant to premium income in Beijing, the influence degree of mortality rate was larger than the unemployment rate.

• Periodical: Applied Mechanics and Materials (Volumes 556-562)
• Pages: 6551-6555
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.556-562.6551
• Online since: May 2014
• Authors: Nian Nian Jia*, Wen Hui Yang, Shan Gao
• Keywords: Degree of T Association, Influencing Factor, Insurance Demand

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