St. Petersburg State University, St. Petersburg, Russia
Evgenii A. Makarenko,
St. Petersburg State University of Aerospace Instrumentation, Saint Petersburg Russia
This article mainly describes the trend and development status of the Chinese insurance market in the 21st century. The statistical methods are used to highlight the role of digital technology in the development of the Chinese insurance market. The number of the companies investing in China are growing, so the development prospects of Chinese insurance market are extremely broad. The technologies of cloud computing, big data and artificial intelligence affect the development of the digital economy. The Chinese Internet companies already have got the independent innovations in the said, which has laid the foundation for the digitalization of the Chinese insurance market, which is conducive to expanding the scale of the insurance market, accelerating the pace of the Chinese insurance company system reform, and accelerating the internationalization of the Chinese insurance industry.
Chinese insurance market, formation, structural characteristics, insurance company, insurance industry