Index construction and application of digital transformation in the insurance industry: Evidence from China.
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| Název: | Index construction and application of digital transformation in the insurance industry: Evidence from China. |
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| Autoři: | Liu M; School of Finance, Southwestern University of Finance and Economics, Chengdu, Sichuan, China., Yang H; College of Economics and Management, Fujian Agriculture and Forestry University, Fuzhou, Fujian, China., Zheng S; School of Finance, Southwestern University of Finance and Economics, Chengdu, Sichuan, China. |
| Zdroj: | PloS one [PLoS One] 2024 Jan 18; Vol. 19 (1), pp. e0296899. Date of Electronic Publication: 2024 Jan 18 (Print Publication: 2024). |
| Způsob vydávání: | Journal Article |
| Jazyk: | English |
| Informace o časopise: | Publisher: Public Library of Science Country of Publication: United States NLM ID: 101285081 Publication Model: eCollection Cited Medium: Internet ISSN: 1932-6203 (Electronic) Linking ISSN: 19326203 NLM ISO Abbreviation: PLoS One Subsets: MEDLINE |
| Imprint Name(s): | Original Publication: San Francisco, CA : Public Library of Science |
| Výrazy ze slovníku MeSH: | Analytic Hierarchy Process* , Insurance*, China ; Entropy ; Industry ; Economic Development |
| Abstrakt: | Competing Interests: The authors have declared that no competing interests exist. In the context of digitization, the insurance industry's value chain is undergoing significant shifts. However, the existing research on its comprehension and measurement remains relatively limited. This study constructs an index system for digital transformation in the insurance industry (DTII) on three components: digital infrastructure, digital platform, and digital applications. Utilizing data from 31 provinces in China, this study employs the entropy weight method, analytic hierarchy process method and minimum relative entropy method to measure the weights of indicators, empirically applying this index system. The results show that DTII in China experiences rapid advancement with an average annual growth rate of 20.46% from 2014 to 2020 and there exists strong regional convergence. In addition, the spatial agglomeration and spatial effects of DTII are mainly concentrated in the life insurance industry and the eastern region. This study provides an index system and empirical evidence for evaluating the DTII, providing policy insights for exploring the sustainable development path of the insurance industry in the digital era. (Copyright: © 2024 Liu et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.) |
| References: | PLoS One. 2019 Feb 5;14(2):e0211793. (PMID: 30721253) PLoS One. 2023 May 17;18(5):e0284803. (PMID: 37196019) |
| Entry Date(s): | Date Created: 20240118 Date Completed: 20240122 Latest Revision: 20240202 |
| Update Code: | 20250114 |
| PubMed Central ID: | PMC10796006 |
| DOI: | 10.1371/journal.pone.0296899 |
| PMID: | 38236922 |
| Databáze: | MEDLINE |
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Nájsť tento článok vo Web of Science | Abstrakt: | Competing Interests: The authors have declared that no competing interests exist.<br />In the context of digitization, the insurance industry's value chain is undergoing significant shifts. However, the existing research on its comprehension and measurement remains relatively limited. This study constructs an index system for digital transformation in the insurance industry (DTII) on three components: digital infrastructure, digital platform, and digital applications. Utilizing data from 31 provinces in China, this study employs the entropy weight method, analytic hierarchy process method and minimum relative entropy method to measure the weights of indicators, empirically applying this index system. The results show that DTII in China experiences rapid advancement with an average annual growth rate of 20.46% from 2014 to 2020 and there exists strong regional convergence. In addition, the spatial agglomeration and spatial effects of DTII are mainly concentrated in the life insurance industry and the eastern region. This study provides an index system and empirical evidence for evaluating the DTII, providing policy insights for exploring the sustainable development path of the insurance industry in the digital era.<br /> (Copyright: © 2024 Liu et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.) |
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| ISSN: | 1932-6203 |
| DOI: | 10.1371/journal.pone.0296899 |