The review and analysis of compulsory insurance
Item and associated files
Author
Chen, Yueyun (Bill) See all items with this value
Chen, Dongmei See all items with this value
Journal
Date
2013
Volume
4
Issue No.
1
Pages
6-17
ISSN
2616-3551 See all items with this value
e-ISSN
2522-9591 See all items with this value
Abstract
This paper provides a comprehensive review of different type of compulsory insurance implemented in the United States of America and the world; it reviews and analyzes effects of compulsory insurance on individuals and the society, based on theoretical studies and empirical evidence; and it explores what we can learn to better develop and implement compulsory insurance. The paper also develops a theoretical model that may be used to analyze whether individuals and/or public will accept/support a proposed compulsory insurance.
Through this review and analysis of the compulsory insurance, the paper has also identified some areas that need further theoretical and empirical studies. The results from this study will be very valuable to countries, particularly developing countries like China, that plan to implement some kind of compulsory insurance.
Through this review and analysis of the compulsory insurance, the paper has also identified some areas that need further theoretical and empirical studies. The results from this study will be very valuable to countries, particularly developing countries like China, that plan to implement some kind of compulsory insurance.