Comprehensive Efficiency Analysis Of China's Group Insurance Companies Based On DEA Method

As of December 2020,there are 14 insurance companies,89 property insurance companies and 90 life insurance companies in China,according to the China Insurance Industry Association.Insurance Group's premium income accounts for about 60%of the entire industry,if the insurance group can make full use of its own scale advantages,resource advantages,talent pooling advantages,to maximize its value,then China's insurance industry will develop faster,to provide people with more comprehensive protection.Therefore,it is very important to study the operating performance of China Insurance Group Corporation.In the introduction part of this paper,the status of China's insurance industry in the China's economy is measured by using the input-output model,and then the development status of China's collectivized insurance companies is analyzed.In considering the health insurance,this article in the empirical part of the selection covering the four independent health insurance company insurance group,and then select one of the 11 companies,general insurance,life insurance and health insurance will determine the total assets,operating costs,employee compensation as input indicators,the net premium income,compensation expenses as output indicators,Based on the annual reports published by China Insurance Industry Association and various insurance companies,the specific values of these input and output indexes from 2011 to 2019 are found out,and the SBM model is used to calculate the business performance value of the company.Then,in order to measure the change of the company's business performance in different years vertically,the Malmquist index and SBM--window analysis method were used for comparative analysis.In the selection of window width,3-8 window widths were selected.Finally,the Gini coefficient is used to measure the difference of business performance of different companies in different years under each method of measuring efficiency value.Through research,this paper mainly draws the following conclusions and recommendations:First,health insurance companies compared to life insurance and financial insurance companies,the efficiency value is too low,so we should strengthen the importance of health insurance;Second,there are some differences in the efficiency of insurance companies operating different types of insurance,but the operating performance value of each insurance group subsidiary is generally in an upward trend,so the insurance group companies should improve their advantages of business,and vigorously improve the degree of product innovation.