Author(s)

Peng Yang, Haiping Yu

Corresponding Author

Haiping Yu

ABSTRACT

In the past ten years, China's insurance industry has made remarkable achievements, but compared with developed countries such as the United States, there is still a big gap. The Chinese insurance industry still has significant room for development. While developing continuously, the insurance industry should face up to the challenges encountered and continue to unswervingly adjust the internal structure of the industry and improve the sustainable development of the industry. With the diversified development of China's economy and the surge in demand for insurance products, the operation and development of the insurance industry have become an indispensable and essential part of the stability of China's financial industry. Only the further development of the insurance industry will enable China's social management and stable economic growth functions to be fully utilized. This article takes the development of China's insurance industry as the foothold, views the development of China's insurance industry from the perspective of historical dialectics, and makes in-depth analysis on how to continue to develop China's insurance industry, and has new insights and ideas for the further development of China's insurance market. It is of considerable significance to the development of China's insurance industry.

KEYWORDS

Insurance industry; historical dialectics; sustainable development; financial stability