title: Optimization of the system of personal property insurance protection: China’s experience and opportunities for Russia
metadata.name: dc.contributor.author
metadata.value: Faizova, Anna A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Xiaohe, Xie
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Wentao, Wang
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2023-02-07T12:33:53Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2023-02-07T12:33:53Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Faizova, A. А., Xiaohe, X. and Wentao, W. (2022) ‘Optimization of the system of personal property insurance protection: China’s experience and opportunities for Russia’, St Petersburg University Journal of Economic Studies, 38 (4), pp. 515–531. https://doi.org/10.21638/spbu05.2022.402 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2022.402
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/38997
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: China’s modern insurance market is the largest in the world in terms of several key indicators:
  both the number of contracts concluded and the volume of premiums collected. At the same
  time, insurance products related to property insurance are the second most popular among
  the population. However, the development curve of the insurance market in China is significantly
  different from the trajectories of changes in the insurance markets in Europe or the
  United States. This article is a comprehensive analysis of the evolution of insurance relations
  in the Chinese market under the influence of various factors, such as changes in the macroeconomic
  environment, the introduction of innovative technologies and the COVID-19 pandemic.
  During the transition from a planned economic system to a market one, as well as
  after China’s joining the WTO, external economic factors changed the development trends
  of China’s insurance industry. Based on the data of the National Bureau of Statistics of China
  for 2007–2020 and the Wind database, the authors built an econometric model that allowed
  analyzing the impact of various factors on the growth of property insurance in China. Special
  attention is paid to the impact of modern trends associated with the active introduction of
  digital technologies and the ongoing coronavirus pandemic (COVID-19) on the development
  of the property insurance segment. The ongoing optimization of the system of insurance protection
  of the property of the population is primarily due to its risk management function.
  China’s experience in the development of insurance relations in the national market may be in
  demand in Russia, which belongs to countries with a developing insurance market.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The reported study ‘‘Improvement of Insurance Coverage of the Population under Biological Threat”
  was funded by St Petersburg State University, Pure ID: 75249176.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 38; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: insurance market
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: property insurance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: insurance industry reform
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: COVID-19
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital economy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Insur Tech
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Optimization of the system of personal property insurance protection: China’s experience and opportunities for Russia
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 02.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/38997/1/02.pdf
resources.format: Adobe PDF
resources.size: 686,88 kB