Analysis of Modern Economic Management Based on Home Commercial Insurance Purchase Data

DOI

10.2991/978-94-6463-038-1_15How to use a DOI?

Keywords

Commercial Insurance; Economic Management; Household Expenditure; Correlation Analysis

Abstract

Nowadays, in the context of technology empowerment, the improvement of office efficiency in all walks of life provides a source of power for the rapid development of the economy. In order to protect its own rights and interests and maximize economic benefits, the commercial insurance industry has developed well and steadily in recent years. Taking commercial insurance as the starting point, this paper discusses the modern economic management analysis of commercial insurance. Based on the CFPS survey data and with the help of the ridge regression regression model, this paper investigates the factors that affect households’ willingness to purchase commercial insurance from the perspective of household expenditure. The study found that: (1) In the annual expenditure of a family, different types of expenditures have a certain correlation with the expenditure on purchasing commercial insurance, among which the food expenditure has the highest correlation with the commercial insurance expenditure. (2) There is a certain correlation between the consumption of beauty, tourism, education and training and the purchase of commercial insurance. (3) The degree of correlation between medical expenditure and the purchase of commercial insurance is not significant. Based on the research results and other perspectives, this paper puts forward the following suggestions for the development of commercial insurance: use big data to achieve “private customization”; refer to foreign experience, increase innovation; face up to the development gap, and rationally control the country.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jun Wang
AU  - Chi Zhang
PY  - 2022
DA  - 2022/12/15
TI  - Analysis of Modern Economic Management Based on Home Commercial Insurance Purchase Data
BT  - Proceedings of the 2022 3rd International Conference on Management Science and Engineering Management (ICMSEM 2022)
PB  - Atlantis Press
SP  - 145
EP  - 152
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-038-1_15
DO  - 10.2991/978-94-6463-038-1_15
ID  - Wang2022
ER  -