Regional Differences in Insurance Development Level in China
According to eight economic indicators of China's 30 provinces and cities in 2011,this paper uses SPSS software to carry out principal component analysis and cluster analysis,dividing 30 provinces into 4 categories according to their scores.Research results show that dynamic factor is the chief influencing factor of insurance development level,and the regional difference of insurance development level is obvious,with eastern area more developed and the midwest falling behind.The eastern area should make use of the advantages on capital to cultivate the core technology,promoting the innovation of products and services.The midwest area should speed up economic development and develop some special insurance breeds which can convert potential resource advantage into real competitive advantage.Moreover,regional insurance integration is the new requirement for insurance industry under the background of regional economic integration.