China's insurance system changes on the impact of industrial development

The theory is that the new institutional economics, the system through the provision of a series of rules to define the people's choice, bound by the interrelationship between people, thereby reducing the competitiveness of uncertainty and transaction costs. Since 1980 China's insurance business has been re-opened, the practice has proved that the insurance industry in China from a planned economy to a market economy system changes in the course of the insurance industry open and market-oriented continuously improve, the market performance of steady growth, the development of the insurance industry Embarked on a self-reinforcing virtuous circle of development. These achievements, it is undoubtedly China's insurance industry regulatory system change the outcome.

Key words: system changes; development of the insurance industry; monitoring system