Comprehensive Evaluation Of Life Insurance Company In China

Life insurance companies in our country are developing rapidly. External factors such as politics, ec onomy and culture are the main cause of the high gr owth. To deep mining reasons for the growth, the connection and differences between companies are worthy studying as well. To understand the similarities and dif ferences on company, we can set up a comprehensive evaluation system to study of the problem.The establishment of a comprehensive evaluation system generally includes such processes:content analysis, index selection, index collection, index calculation, index weighting and comprehensive scoring. To this problem, the most important step is the index selection and inde x weighting. In the process of the c onstruction of the inde x system, this paper is to examine the c ompany’s solvency, earning power and comprehensive development capacity. So we selected 15 appropriate indicators.Then it comes into the empirical analysis part. We first use of descriptive statistics and clustering analysis to have a roughly understanding of data. We found that the overall solvency is enough, a gr eat improvement in profitability, scale and growth difference is huge and high concentration of business. Then, the life insurance companies are divided into 3 categories, we can survey the connections and differences between various.In index weighting and composite scoring, we use Delphi method and get a score of each company. Then we use factor analysis to the original index for dimension reduction, and weight, calculating composite scores were determined. We separately for each factor scores and comprehensive scores ranking and analyzed, and combining the actual situation presents a reasonable explanation.As an extension of the comprehensive evaluation study, we examined the impact of evaluation factors on business perf ormance. We found that the scores in more than one factor have significant relationship with the company’s resultant performance.According to the result of the empiric al analysis as well as the pr oblems found during the research process, we put forward proposal, provide reference for the future development of life insurance industry.Compared with the pr evious related research, this paper f eatures:1.Variable selecting matches time.2. Compa re deferent weighting method; 3. We studied the contact between comprehensive evaluation and other evaluation method.