Research On The Comprehensive Evaluation Of Operating Conditions Of Life Insurance Companies

With the improvement of openness of domestic life insurance market and insurance awareness of Chinese people in recent years, a rapid development stage has entered to Chinese life insurance industry. As main supply of life insurance security, the operational practices and quality of life insurance companies has a big impact on the development of Chinese life insurance industry to a large extent. Therefore, it is necessary that we must have a scientific, effective and comprehensive evaluation of operating conditions of life insurance companies.This paper has a research on comprehensive assessment of operation conditions of the life insurance company at two aspects:Evaluation indicator system and Evaluation methods. Evaluation indicator system is mainly on the comprehensive analysis of financial strength and organizational performance is on the operation conditions of Life Insurance Company and establishes the management indicator system based on two aspects above. In the aspect of evaluation method, this paper adopts the combination of static comprehensive evaluation method and dynamic comprehensive evaluation method. Research contents and results of this paper are as follows:Firstly, this paper has an introduction to research background and research status and describes research method and main content of the research.Secondly, the main part of the paper is from the second chapter, which is the research on comprehensive evaluation system of life insurance Company, that is, evaluation indicator system and evaluation method. For the evaluation index system, considering the combination of the operation characteristics of life insurance companies and the actual situation of data collection, this paper determines the evaluation index system from financial strength and organizational performance; To the evaluation method, after the compare and election of static and dynamic comprehensive evaluation methods, this paper has an ultimately comprehensive evaluation method, that's the static evaluation method adopts principal component analysis and dynamic comprehensive evaluation method adopts "Vertical and Horizontal".Thirdly, according to available data, this paper establishes primary evaluation indicator system of life insurance operation conditions from financial strength and organizational performance. For the primary indicators of the indicator system has a large number of information overlap, which will affects its evaluation results, this paper adopts second classification method of election for primary evaluation and eventually establishes evaluation indicator system of operation conditions of life insurance company.Fourthly, it's the demonstration analysis. Demonstration analysis is divided into two parts:①From the principal component analysis of the static comprehensive evaluation on life insurance company, which has principal component and composite score ranking and evaluation results of static analysis;②According to "Vertical and Horizontal" Scatter, the paper has a comprehensive evaluation of dynamic status analysis of life insurance company, which has score ranking of life insurance companies from 2006 to 2008 and dynamic evaluation results.Finally, according to the demonstration analysis of static and dynamic comprehensive evaluation of life insurance, this paper makes suggestions to foreign-funded or joint-venture life insurance companies respectively for a better promotion and faster development of life insurance companies.This article not only draws on benefits from both domestic foreign scholars but also has special characteristics study of the author:1. This paper constructs evaluation indicator system based on operation condition of Life Insurance Company to some theoretical aspects.2. By the combination of static and dynamic comprehensive evaluation method, which allows the research not only reflects the current status of Life Insurance Company, but also reflects the sustainability and potential of operation conditions of life insurance companies.