Notice of RetractionResearch on coping strategy and analysis about the current situation of insurance market

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Since it is recovered in 1979, Chinese insurance industry has made quite great progress on all sides. However there is still a large distance comparing with the international insurance industry and it has too much to do yet. Based on the American economist Bain´s opinion about the classification to the industry market structure and analyzing the current development of insurance market, the conclusion that the insurance market in our country is still an oligopoly market at present is drew. At the same time the characteristics of the insurance market such as product homogeneity and price competition are pointed out and the advices on insurance supervision, industry self-discipline and product differentiation are put forward. The study aims at playing a constructive role to the development of Chinese insurance industry.