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High Quality Development of Regional Inclusive Insurance in China: Based on Logistic Multiple Linear Regression Model

Author(s)

Yue Peng*

Affiliation(s)

School of Economics, Liaoning University of International Business and Economics, Dalian, Liaoning, China *Corresponding Author.

Abstract

As one of the key projects of poverty alleviation, inclusive insurance has received much attention in recent years. In May 2022, the Banking and Insurance Regulatory Bureau issued a document entitled “Circular on further enriching the supply of Life Insurance products”, which is intended to encourage more commercial insurance companies to participate in the construction of an inclusive insurance system closely related to the protection of people's livelihood. First of all, from the background of the development of inclusive insurance, this paper finds that there is still a gap in basic medical security, and inclusive insurance will play an important role in the development of the “main artery”. The second part focuses on the profound connotation of inclusive insurance from the perspectives of the product characteristics, operation mode, development status of each region, protection scope and so on. The third part makes an in-depth analysis of the factors affecting the inclusive insurance participation rate based on the multiple linear regression model and finds that the opening of basic medical insurance to individual accounts is important factors affecting the inclusive insurance participation rate. Starting from the reality of inclusive insurance, the last part of this paper puts forward three suggestions for the future development of inclusive insurance based on the coverage, “product &service”, multi-channel of science and technology.

Keywords

Inclusive Insurance; Operation Mode; Multiple Linear Regression Model; Participation Rate

References

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