Analysis of Accident Insurance for Middle-aged and Older Adults in China Through Case Comparison

Accident protection for middle-aged and older adults is an important topic that people focus on, and accident insurance for middle-aged and older adults has gradually aroused people's interest. In the United States, Japan, and many countries, due to their maturity in the insurance industry, the insurance portfolio and process of accident insurance has become complete. However, in mainland China, accident insurance for middle-aged and older adults is still a relatively unpopular field, and most insurance companies have not invested in this area. This article lists three middle-aged and older adults accident insurance products from three different insurance companies to analyze the advantages and disadvantages of these products from the perspective of consumers through comparative analysis, put forward the possible reasons for the lack of investment in accident insurance for middle-aged and older adults in the mainland of China. The article finds that Chinese mainland insurance companies in the field of accident insurance for middle-aged and older adults have certain gaps due to factors such as excessive risk, immature development of the insurance industry, and lack of detailed division of risk situations. In addition, this article tries to put forward strategies to improve accident insurance for middle-aged and older adults. The purpose of this topic is to hope that domestic insurance companies and policyholders can pay more attention to the field of accident protection for middle-aged and older adults, carry out rational improvements, and enhance insurance services for consumers while improving the profits of insurance companies to achieve a win-win situation.