Research On Efficiency Of Chinese Insurance Industry

Since reforming and opening , Chinese insurance industry developing at full speed has made important contribution to improve economic growth , fairly good function having brought the economy"shock absorber"and the"stabilizer"into play . But, under the economical background that the gradually fierce competition and the full opening to the outside world , the issue of our country insurance industry efficiency low and insurance resources waste serious day by day is becoming the barrier restricting economy and the insurance continually healthy and fast development . Therefore, to measure insurance industry efficiency level and research insurance industry efficiency restriction factors and seek the ways to improve insurance industry efficiency , has the extremely important theory and practice significance.This article has organized systematically the efficiency theory and limited the insurance efficiency concept and the research category. And then collected the large amount of data in the basis , using data envelopment analysis method and the contribution rate method has separately evaluated the our country insurance industry microscopic efficiency and the macroscopic efficiency. We discovered that our country insurance industry microscopic efficiency not only comparatively lower but also slightly down tendency, the macroscopic efficiency also lower but enhanced the speeder. The further research discovers , the macro-economy environment ,the insurance structure, the time length of development, the uncertainty of future anticipates, the insurance company insincere behavior and the consumer's insurance consciousness and so on , all was the primary factors affecting the insurance industry efficiency. At the same time, indicated in view of the insurance company interior factors regression analysis result that, the personnel quality, insurance company's business capacity, loss ratio and the overheads and so on also are important factors affecting the insurance industry efficiency. The insurance system stable insurance industry efficiency is a contradictory entity, this article indicated that our country insurance system is being at the bad condition which the low efficiency and not stably coexists. It will be our last objective how to pursues high efficiency development under stabilization.We think, changing insurance management pattern, building-up monopolistic-competition type insurance market structure, enlarging insurance innovative, pushing insurance merger and acquisition, improvement insurance investment contradictions, adjusting insurance supervision and enlarging insurance basis construction and so on, will be the main ways to rise Chinese insurance efficiency.The present paper in the research process, stands throughout in the insurance function angle, constructs the inputs and outputs target system, draws conclusions which differed from with other correlation researcher's. It is an exploring attempt to our country insurance business efficiency research.