Marketing death : culture and the making of a life insurance market in China
Author(s)
Bibliographic Information
Marketing death : culture and the making of a life insurance market in China
Oxford University Press, c2012
Available at 7 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
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  Tochigi
  Gunma
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  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
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  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
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Library, Institute of Developing Economies, Japan External Trade Organization図
AECC||368||M118003137
Note
Includes bibliographical references (p. [247]-265) and index
Description and Table of Contents
Description
When the topic of death is a taboo subject to a population, how can life insurance companies create a market for their business? In Marketing Death, Cheris Shun-ching Chan examines the development of the life insurance market in China to address how culture impacts economic practice. Based on an extensive ethnographic study of various life insurance companies in China, Chan found a clear disparity in the way transnational and domestic life insurers dealt with local
resistance to the idea of insuring against early death. While the transnational insurers attempted to remove this resistance by introducing new concepts about risk management, the locally-founded insurers redefined these concepts as money management to avoid the taboo subject. The domestic players'
strategies proved to be more effective, but conflicted with the profit-oriented institutional logic of life insurance in the Chinese context. Having learned a lesson from significant losses, the domestic insurers eventually collaborated with their transnational counterparts to create a risk-management market. Nonetheless, local potential buyers, with their ingrained cultural values, continue to negotiate with insurance providers about their preferred product features. Chan argues that the life
insurance business is growing rapidly in China despite these incompatible local cultural values largely because insurance practitioners strategically mobilized the local cultural tool-kit to circumvent the resistance. In Chan's account, the interplay of two forms of culture-a shared meaning system
on one hand and a repertoire of strategies on the other-has significantly shaped the trajectory of the emergent Chinese market.
Marketing Death is the first book to offer an analysis of the emergence of a life insurance market outside of the Euro-American context. It documents the processes and politics by which local cultures shape the way a market is formed and, hence, sheds light on the dynamics through which modern capitalist enterprises diffuse to regions with different cultural traditions.
Table of Contents
- Abbreviations and Glossary
- Introduction
- Chapter 1 Is China an Inviting Place for Life Insurance?
- Societal Conditions, the Market, and Remaining Puzzles
- Chapter 2 Defining Life Insurance and Product Development:
- Divergent Institutional Logics
- Chapter 3 Manufacturing Sales Agents:
- Cultural Capital and Management Strategies
- Chapter 4 Making Transactions:
- Selling Strategies and Sales Discourses
- Chapter 5 Buying Life Insurance:
- Multiple Motives but Consistent Preferences
- Chapter 6 How Culture Matters:
- Culture, Market, and Globalization
- Appendix A: Methods
- Appendix B: A List of Life Insurance Companies in China
- Notes
- Bibliography
- Index
by "Nielsen BookData"