Analysis of Life Insurance Market in Northwest Ethnic Regions in China

Abstract

The expansion of the life insurance market in northwest ethnic regions is not only an essential part to promote steady and rapid development of China's insurance industry and build the harmonious society, but also the cornerstone of all nationalities’ progress and prosperity. In recent years, the economic growth of northwest ethnic regions provides a rich potential for the life insurance market and promote the further development of the life insurance industry at the same time. In this paper, the author uses the depth of life insurance and life insurance density to analyze the life insurance market status of northwest ethnic regions with selected four provinces. The conclusions show that the life insurance market in northwest ethnic regions is still with great market potential.