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Investigating the Disparities of China’s Insurance Market Based on Minimum Spanning Tree from the Viewpoint of Geography and Enterprise

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  • Xie Chi

    (College of Business Administration, Hunan University, Changsha410082, China)

  • Zhou Yingying

    (College of Business Administration, Hunan University, Changsha410082, China)

  • Wang Gangjin

    (College of Business Administration, Hunan University, Changsha410082, China)

  • Yan Xinguo

    (College of Business Administration, Hunan University, Changsha410082, China)

Abstract

In this paper, we investigate the disparities of China’s insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance market into two parts, namely property insurance and personal insurance. By constructing and analyzing minimum spanning trees of insurance market, we obtain the results as follows: (i) The connections between provinces are much closer than those of firms, and there are regional links between neighboring provinces in the minimum spanning tree (MST); and (ii) the domestic funded firms and foreign funded firms form two explicit clusters in the MSTs of property and personal insurance market.

Suggested Citation

  • Xie Chi & Zhou Yingying & Wang Gangjin & Yan Xinguo, 2017. "Investigating the Disparities of China’s Insurance Market Based on Minimum Spanning Tree from the Viewpoint of Geography and Enterprise," Journal of Systems Science and Information, De Gruyter, vol. 5(3), pages 216-228, June.
    • Handle: RePEc:bpj:jossai:v:5:y:2017:i:3:p:216-228:n:2
    DOI: 10.21078/JSSI-2017-216-13
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    References listed on IDEAS

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