TITLE:
Research on Influencing Factors of Auto Insurance Premium under the Background of Marketization Reform—Empirical Analysis Based on VAR Model
AUTHORS:
Zeqia Tang, Min Chen
KEYWORDS:
Auto Insurance Premiums, Market Reform, Multiple Regression, VAR
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.8 No.7,
July
28,
2020
ABSTRACT: In recent years, my country’s economy has grown
steadily, and the insurance industry and the automotive industry have a good
development trend in the macro environment. Since 2015, the China Insurance
Regulatory Commission has carried out a series of auto insurance rate reforms
for different stages of the market to promote its standardized development. In
this paper, four explanatory variables are selected by multidimensional
analysis method. Based on panel data, econometrics is used to establish VAR
model and fixed benefit model to analyze the impact of China’s motor vehicle
insurance premium income. Finally, variables and regression equations with
significant impact are determined, and provide policy advice.