Application Of Time Driven Activity-based Costing In A Insurance Company's Underwriting Project Management

The insurance company is a financial enterprise.From the industrial division,it belongs to the third industry service industry,which is very different from the production type enterprise.The main business of the insurance company is the sale of the contract.Therefore,we should pay more attention to the calculation of indirect costs when calculating the cost of insurance companies.This paper mainly uses the time driven activity costing to calculate the cost of the insurance company,which is because the cost driver characteristics of the method are adaptable to the indirect cost of the insurance company.From the view of the insurance company's business system,the underwriting project is the most important item in the insurance company's business system.The cost management of the project also determines the overall cost management of the insurance company.In order to explore whether the time driven activity based costing is applicable to the cost management of the insurance company's contracting projects,this paper first combed the relevant literature at home and abroad of the time driven activity-based costing,and explored the attitude of scholars at home and abroad on the cost management method.Secondly,the related concepts of project management and time driven activity-based costing are expounded,which lays the foundation for the following research.In order to combine the time driven activity-based costing with the contract project of A insurance company,the third part analyses the characteristics of the insurance project of A insurance company,analyses the main process and the main risks,and shows that the time driven activity-based costing is feasible and necessary for the cost management of the project.Finally,a case study is used to analyze the cost changes of the operation method of the insured project implementation time.Through the research,we find that for the underwriting projects of insurance companies,drinking time driven activity-based costing is very effective as a cost management method.However,the implementation of this method is a long-term process,and some investment is needed in the early stage.The support of talents and systems is also very important.