Efficiency Evaluation Of The Operation Of Funds Of Listed Insurance Companies In China

The insurance industry, as an important part of our country’s financial system,plays an important role in promoting the prosperity of the national economy,coordinating development and maintaining social stability of people’s life. With thedevelopment of the society, the scale expanding of insurance market, the enhancementof the consciousness of legal compliance management of insurance company, thedevelopment of the insurance market in China has made great progress.Our country’s insurance industry has been rapidly development in recent years,but some disadvantages in the process of development and challenges also graduallyobvious. For example, the average yield of gold of insurance of our country is lowerthan bank deposit rates of five years, this has led to the cancellation insurance andwith the arrival of the peak of the expiration of the life insurance which increase thepayment pressure of the company and increase the risk of the cash shortage, All thesehave increased the pressure on risk prevention the insurance company to the insurancecompany. Traditional business developed slowly, and the lack of innovation of newproducts, make the existing product absence of strong competitiveness. High-speeddevelopment of insurance industry in our country is formed by vulgar management,the excessive emphasis on scale expansion led to the low profitability of the industryand high cost etc. On this background, this article deeply investigates the operationalefficiency of insurance funds in our country.On the basis of discussing relevant theories about operational efficiency of theinsurance company funds, the principle of insurance funds using, the channels ofinsurance funds channels and efficiency evaluation, this paper takes capitaloperational data of four insurance companies listed in China from2006-2012as theresearch object and evaluate the comprehensive efficiency of them. The results showthat the level of China’s insurance funds operation efficiency is not high, from theaverage efficiency of the companies in2006-2012, China Pacific insurance (group)co., LTD., the average efficiency is the highest value, its capital operation efficiencyvalue is0.989, while China’s ping an insurance (group) co., LTD., the averageefficiency of capital operation value is the lowest; From different years of thecompany’s capital operation efficiency value, efficiency value of the companies in2006-2008have appeared different degree of volatility, most volatile year in2007-2008, this may be due to the impact of the financial crisis. On the basis ofin-depth study of the funds operating efficiency of insurance companies, this paper proposes the countermeasures and Suggestions of improve the operational efficiencyof insurance funds including broaden the channels of capital operation, improving theoperating environment, strengthen the talent pool, and improving product marketshare.The Study on capital operation efficiency of insurance company in China cannot only promote the development of the insurance industry in our country and tomaintain social stability. It is of great significance to promote the development ofnational economy, in addition, through the study of this article will also has a positiverole in promoting the development of the insurance funds operation efficiency theory.