Research on the Predicting Models of Insurance Premium during the 12th Five-Year in China's Insurance

Insurance premium is a very important index for the developing situations of insurance. Based on the temporal series data of insurance premium over the past ten years, this article probes into the predicting methods for insurance premium based on grey system theory, sets up grey information renewal GM (1 , 1) models pointing against the demerits of the traditional GM (1, 1) models, and then it makes predictions about the scale of insurance premium during 12th Five-Year Plan. Results of study can provide a reliable basis for science decisions on problems concerning about insurance.