S-Curve Relationship Between Insurance Density and Per-capita Income An Empirical Study on China's Provincial Life Insurance Markets

摘要

S-Curve model provides a better way to depict the impact of growth of the real economy on development of life insurance market. We tested whether China's life insurance market follows the S-Curve model. We used a revised logarithmic regression model based on data of 30 provinces during the years from 1999 to 2009. China's life insurance market lies in the left part of the S-Curve,which implies the recent high growth rate will be maintained in the mid-term future.