Research On The Operation Performance Evaluation Of Insurance Company In China

With the reform and opening of Chinese insurance market, insurance has developed at high speed in China with insurance premium growing far more quickly than GDP growth. Especially after the entry of WTO, the insurance market was opened further. More and more foreign insurance companies flew into Chinese insurance market. Compared with Chinese insurance company, foreign insurance company has the advantages of fund, management technology, working level and risk management, which give Chinese insurance company huge competition pressure. The competition between Chinese and foreign insurance companies is also a competition of performance. Performance is the manifestation of the comprehensive strength of insurance company. Pressure outside and motive inside ask the Chinese insurance company to strengthen its management and raise its performance. Therefore, it has certain theory and realistic meaning to research the performance and affecting factors of insurance company in China and supply available suggestion.This thesis chose twenty life insurance companies as sample. Based on the study of management performance evaluation of insurance company, the thesis chose proper evaluation index to research the solvency, profit ability, operation ability and growth ability separately. With the help of SPSS the thesis carried out a comprehensive appraisal to the management performance of the sample in 2006 by utilizing the factor analysis method. Then chose a reprehensive company----China Life and did analysis to its five year's performance. Lastly according the evaluation result and reality it analyzed the reason affecting China Life management performance and supplied available suggestion.There are six chapters in this thesis. In Chapter 1, there are introduction, goals, methods and innovations of the thesis and researching summarization were introduced. Chapter 2 is about the theoretical foundation and evaluation methods of management performance evaluation of insurance company. Chapter 3 is about the management performance evaluation of Chinese insurance company. Firstly, it has an analysis and appraisal of main financial index from solvency, profit ability, operation ability and growth ability one by one. Then it carries out a comprehensive appraisal and rate the sample by utilizing the factor analysis method. Chapter 4 is the positive research of China Life's management performance. It contains the financial and non-financial evaluation for China Life's performance from 2003 to 2007. Chapter 5 is affecting reasons analysis and suggestion. According to the result of China Life appraisal, it analyzes the reasons affecting the performance of China Life and brings out available suggestion. Chapter 6 is the conclusions and expectations.