Research On The Operating Efficiency Of Motor Vehicle Insurance Of Chinese Property Insurance Companies

Car insurance is one of the largest real estate insurance companies in China,and Chinese property insurance companies occupy an important position in the insurance market.Today,how to further improve the operational efficiency of car insurance is an in-depth study of how Chinese insurance companies can improve the basic competitiveness of the entire market,as well as the key to ensuring the development of the sustainable development of the car insurance industry.However,today,with the rapid development of car insurance,most Chinese real estate insurance companies are limited to operating costs,business size and income premiums,but do not pay attention to improving the quality of products.Insurance and product insurance services.It is necessary to analyze the factors that may affect the operational efficiency of Chinese car insurance financed by property insurance companies.This article first introduces the concepts and theoretical foundations related to motor vehicle insurance and operational efficiency;Secondly,in the process of efficiency measurement analysis,the DEA model was used to examine the operational efficiency of motor vehicle insurance of 25 Chinese property insurance companies in China from 2015 to 2021,including comprehensive efficiency,technical efficiency,and scale efficiency.Empirical analysis was conducted on the changes in the operational efficiency of Chinese property insurance companies over a period of 7 years.Based on various influencing factors,7 indicators that can be quantitatively measured were selected,and the three measured values related to the operational efficiency of car insurance were used as explanatory variables.With the help of the Tobit regression model,in-depth analysis was conducted on the factors that may affect the operational efficiency of car insurance;Afterwards,the main conclusion of this article is that the comprehensive efficiency of car insurance is mainly influenced by the proportion of business,employee quality,company size,and fund utilization rate of Chinese property insurance companies.Among them,the proportion of car insurance business has a negative impact on overall efficiency;The pure technical efficiency of car insurance is mainly significantly influenced by the business proportion,employee quality,fund utilization rate,and market share of Chinese property insurance companies.Among them,the proportion of car insurance business to pure technical efficiency is also negative;The scale efficiency of car insurance is mainly significantly influenced by the car insurance payout ratio,company size,and fund utilization rate of Chinese property insurance companies.Among them,the impact of company size and car insurance payout ratio on the efficiency of car insurance operation is greater than the utilization rate of funds.Finally,considering the factors that affect the efficiency of Chinese automobile and property insurance companies,this article proposes some suggestions to improve the market structure.Improve the quality of employees and scientifically monitor the number of employees.Improve the ability to directly sell auto insurance and increase market share.Improve the technical level and innovation of insurance products.Provide one-stop services to improve the efficiency of Chinese real estate insurance companies subsidizing automobile insurance,and ensure the sustainable development and high quality of commercial vehicle insurance.