Elderly Insurance Industry: based on PESTEL Analysis

Sining Li ()
Additional contact information
Sining Li: University of Warwick

A chapter in Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025), 2025, pp 688-696 from Springer

Abstract: Abstract The rapid ageing of populations worldwide, especially in China, has intensified the need for comprehensive, sustainable, and innovative eldercare solutions. This paper uses the PESTEL framework to examine the development trends and future prospects of China's pension insurance market, with Taikang Insurance as a representative case. The primary aim of the research is to comprehensively analyse the external environmental factors influencing pension insurance providers’ strategic direction and operational performance. Exploring political, economic, social, technological, environmental, and legal dimensions identifies key opportunities and risks that significantly shape the industry's dynamics. It provides actionable insights for industry stakeholders to navigate complexities, foster innovation, and sustainably capitalise on emerging opportunities. The findings reveal that proactive government policies and demographic shifts substantially drive the market's expansion potential. Consumer purchasing power presents opportunities for growth and challenges necessitating strategic flexibility. Technological innovation, including digitalisation and smart retirement solutions, has become a key driver of competitive advantage. At the same time, the growing need for sustainability and evolving regulatory compliance frameworks underline the importance of environmental and legal considerations.

Keywords: Elderly Insurance; PESTEL Analysis; Industry Trends (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-811-0_72

Ordering information: This item can be ordered from
http://www.springer.com/9789464638110

DOI: 10.2991/978-94-6463-811-0_72

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().