Economic Fluctuations and Insurance Industry Crisis: the History, Status Quo and the Future

Abstract

The healthy development of insurance industry influenced the stability of country's financial system. In recent years, the insurance industry has developed rapidly in China, but also hid the huge risks in it. As the economic growth rate slow down, China’s insurance industry may also encounter with crisis that Japanese and Taiwan has faced. In this paper, by analyzing the reasons and mechanisms of insurance industry crisis in Japan and Taiwan, found the insurance industry crisis closely related to the economic fluctuation, and provided some warnings and references to the insurance industry of China.