China's insurance intermediary market and improve the status quo

The insurance market is a typical market information, information asymmetry of the two sides to increase the transaction costs. The existence of the insurance intermediary market to reduce the degree of asymmetry of information, lower transaction costs and is conducive to the improvement of parties to the transaction proceeds. But China's insurance intermediary system are not sound enough, the market order more confusion, lack of insurance intermediary personnel and other factors limiting the development of insurance intermediaries. To establish and improve China's insurance intermediary system, the need for the early development of insurance intermediaries and the characteristics of the defects, to study its system of formal arrangements.

Key words: the insurance intermediary market; formal system constraints; System Change