Research on the Impact of Digital Inclusive Finance on the Income of China's Commercial Health Insurance

Abstract

Digital inclusive finance is of great significance to the future development of the insurance industry. Both the intensification of the aging population problem and the impact of the COVID-19 have stimulated residents to have a higher health awareness. As an important part of China's multi-level medical security system, commercial health insurance has huge development potential. Based on the Beijing University Digital Inclusive Finance Index and the panel data of commercial health insurance premium income of 31 provinces in China, this paper makes an empirical analysis using the double fixed effect model. The results show that the development of digital inclusive finance is conducive to improving the income of commercial health insurance in China, and the impact of digitization on health insurance income is more significant than other factors of the index. Finally, based on the research results, this paper puts forward relevant suggestions from the perspectives of insurance institutions, regulators and residents themselves.