Analysis On Profitability Of XX Property Insurance Company

With China’s economic development, insurance occupy an increasingly important position in the economic life of the residents, and therefore, the insurance company’s business has expanded rapidly, while China’s insurance market has become an important target market foreign insurers. In2012, China’s insurance market is steady progress, progress in becoming a good development trend, especially in property and casualty insurance business continued rapid development, premium income reached553.1billion yuan, an increase of15.4%, the national premium income reached1.55trillion yuan, an increase of8%. China China Insurance Regulatory Commission Chairman Wu Dingfu said in his speech in2010Lujiazui Forum pointed out, China’s insurance industry," second five" in the face of opportunities but also faces enormous challenges, is an important strategic period of China’s insurance industry. According to China’s current situation of the insurance industry, auto insurance companies in recent years, the rapid development momentum, with the improvement of living standards, the demand for cars is also increasing year by year, and the corresponding demand also continued to increase vehicle insurance, car insurance company premiums revenue from the2009-2013five-year period has been in continuous sustained growth. But from the perspective of an underwriting profit in recent years, auto insurance industry underwriting profit decline, the current situation, relevant research on property insurance companies to improve profitability and enhance market competitiveness, China has become an important financial work research.This paper summarizes the theory and basic methods of corporate profitability indicators analysis, based on the special nature of the insurance companies, the establishment of the index system for analyzing the profitability of insurance companies, and auto insurance companies to XX a case study, through the analysis factors derived auto insurance company’s profitability, and finally given the appropriate recommendations to provide advice to decision-makers. According to research ideas in this article, the article is organized as follows: text is divided into seven parts, the first part is an introduction, by describing relevant research status at home and abroad about the profitability analysis of the profitability of car insurance type and status of property insurance companies to clarify the article the research background and significance of research ideas and to further clarify the article, methods and content; second part is an overview of the theory, including the basic concepts of profitability, profitability analysis, meaning, principles and procedures, etc., and also introduced particularity and other insurance companies profit model, after this part of the analysis provides a theoretical basis for the content; third part based on the basic indicators of profitability analysis applicable to insurance companies established profitability analysis system; part IV according to the third indicator system part of the XX auto insurance company’s profitability analysis and evaluation, Finally, by analyzing the results of the corresponding recommendations put forward a series of ways to improve profitability, including the optimization of the company’s future development strategy and tactics, control and management costs, implement new sales strategies, strengthen internal controls and risk management, strengthening of human resources and funds management level, optimizing insurance information systems and statistical techniques.This article has very important significance both in theory and practical management of the enterprise, the company managers can get a lot of important information from the analysis, and found that the company operates according to the information in question, and then develop a more viable company operating policies. Given the limited ability of the author, it is inevitable there are some deficiencies in the process of writing the article, the analysis process is relatively simple, the conclusions and recommendations are feasible, targeted to be further demonstrated.