The Research On The Operating Efficiency Of Chinese P & L Insurance Companies

Competitiveness is Chinese property insurance company Sustainable development of fundamental and core. Efficiency is one of the core issues of economic management and is the property insurance company competition ability centralism manifests. Therefore, to upgrade the comprehensive property insurance company's competitiveness, while also addressing the full liberalization of the Chinese insurance market and the influx of foreign insurance companies to China's property insurance industry challenges; we must attach great importance to efficiency. Based on our national property insurance company business efficiency as the research subjects, its significance lies in:China's financial industry with foreign constantly rails the important condition in property insurance company is not only to improve the operation efficiency, but also is the in open economy condition maintenance in the insurance industry's own interests safeguard.This article USES two stages data envelopment analysis (DEA) method to calculate the management the 2005-2009 China property insurance company operating efficiency, from the static and dynamic two Angle to our country the efficiency of property insurance company is analyzed. I found:China property insurance company in premium to create and manage the two stages premium there are generally serious input resources waste phenomena, this is made of pure technical efficiency and scale efficiency without cause, and together different stages different nature of the property insurance company resources waste degree have differences. China's property insurance company in all the elements premium create stage production efficiency is improved, in all the elements premium management stage production efficiency is down. Among them, "pursued effect" and "growth effect" impetus to the total factor of premium create stage production efficiency index increased, but the most important factor is the technology progress; The premium management phase caused total factor productivity exponential decline reason is the global financial crisis, as well as property insurance company's internal premium management level is low. The nature of the companies speaking, it is worth noting that foreign property insurance company has the efficiency of the huge rise space and development potential.Affecting our country property insurance company for operational efficiency factors analysis, this paper main concern is microscopic internal factors of the property insurance company the influence of operation efficiency. Select the company size, labor quality, cost control, risk management, business expansion, enterprise cooperation, business area and ownership characteristic as independent variables, with the first stage of the DEA townify, the second phase, business process management efficiency value of the dependent variable, TOBIT regression model establishment and found the company staff quality, cost control, enterprise cooperation and ownership characteristic is the effect of property insurance company is the most important operation efficiency of endogenous factor, but also property insurance company management efficiency and the core competitiveness of the decisive force.Aimed at influencing Chinese property insurance company management efficiency and core competitiveness, and puts forward the determining factor for China to enhance the efficiency of property insurance company is the advice and ways:Formulate long-term stable market development strategy; To improve the staff overall quality; Promote property insurance company system reform and system transformation, strengthen cost control; Change company between homogeneity phenomenon, strengthen cooperation; Accelerate property insurance company system management and product innovation, and comprehensive management; Cultivation and reshape the property insurance market and the insurance industry development of faith.