An Analysis of the Synergy Degree of Insurance Innovation and Financial Development in China

DOI

10.2991/lemcs-14.2014.132How to use a DOI?

Keywords

insurance innovation; financial development; synergy degree; degree of order; synergtic development

Abstract

The objective of this paper was to figure out the synergetic relationship between two subsystems of the financial system, to measure the synergy degree of them, and to propose suggestions used to develop both insurance innovation and financial development. Synergetic theory was used in this paper to analyze the relationship between insurance innovation and financial development in China. The author built a model to measure the degree of order of the two subsystems. Different indexes were introduced to explain the order performance. And another model, which was based on the former model, was built to measure the synergy degree of the subsystems. The empirical analysis shows that China's financial development is in a steady upward track, but the insurance innovation faces a tough situation. The degree of order of insurance innovation subsystem has been decreasing since 2009. And the low synergy degree of two subsystems indicates that there is a disharmony development relationship between them.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Ping Yu
AU  - Peiran Guo
PY  - 2014/05
DA  - 2014/05
TI  - An Analysis of the Synergy Degree of Insurance Innovation and Financial Development in China
BT  - Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science
PB  - Atlantis Press
SP  - 577
EP  - 580
SN  - 1951-6851
UR  - https://doi.org/10.2991/lemcs-14.2014.132
DO  - 10.2991/lemcs-14.2014.132
ID  - Yu2014/05
ER  -