School of Public Economics & Administration,Shanghai University of Finance and Economics; School of Economics and Management, Tsinghua University; School of Economics, Nanjing University of Finance and Economics
Abstract:
What are the products of the insurance companies？Does insurance's investment belong to production activities？ Should we use “gross methods” or “net methods” to accounting it？ These basic topics on insurance economics have tremendous theoretical and measurement differences. The scholarships in national accounting field have studied for over 60 years and gotten systematic and brilliant development on this topic. But these results haven't been acknowledged and applied broadly. Based on the combination of insurance, economics and national accounting theories, we build an innovative theoretical-system and accounting methods on insurance production. Then we analyzed Chinese accounting subjects in two periods, and measured insurance outputs during 2003-2015. Finally, we find significant differences between two kinds of insurance outputs.
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