简介:Inthispaper,weinvestigatethedisparitiesofChina’sinsurancemarketfromtheviewpointofgeographyandenterprisebyusingthemonthlydatafromJanuary2006toDecember2015.Wedividethewholeinsurancemarketintotwoparts,namelypropertyinsuranceandpersonalinsurance.Byconstructingandanalyzingminimumspanningtreesofinsurancemarket,weobtaintheresultsasfollows:(i)Theconnectionsbetweenprovincesaremuchcloserthanthoseoffirms,andthereareregionallinksbetweenneighboringprovincesintheminimumspanningtree(MST);and(ii)thedomesticfundedfirmsandforeignfundedfirmsformtwoexplicitclustersintheMSTsofpropertyandpersonalinsurancemarket.