Study of the Insurance Development in Ethnic Regions of Gansu Province in China

Abstract

Gansu is an agriculture province with different ethnic minorities. The insurance industry of ethnic minorities region is not only a part of its economy but also an important measures supporting and promoting the economic development in minorities regions. For promoting development of insurance industry in ethnic regions in Gansu, especially for the development in minorities’ counties and servicing regional economic and social development, this paper conducts a comprehensive survey of the insurance industry in selected ethnic regions and analyzes the characteristics and the main problems on the basis of micro-environmental and macro-environmental analysis. Finally, the paper proposes some pertinent suggestions in order to promote continued and healthy development of the insurance industry as well as regional economy and better social development in minorities region.