Research On Business Efficiency Of China Life Insurance Base On Nonparametric Approach

Since the1980’s, along with the deepening of reform and opening up arethe vigorous development of the national economy, the insurance industryget the quick recovery and development. Especially since2002, theinsurance of reform and opening up of push forward and insurancesupervision system gradually improved perfect promote the development ofthe insurance industry in China. The scale of the insurance market improvedgrowth, the insurance industry’s overall strength also improved to ascend.The development of the insurance business provide the good support forChina’s social and economic development. In recent years, China’s insuranceindustry in the service and support of "agriculture, countryside and farmers",promoting economic transformation and upgrade, perfect multi-level socialsecurity system and to participate in social risk management play animportant role.Although China insurance industry has got great achievement in30years of reform and opening up, but at the same time, we should also seeclearly that the development of the insurance industry is also faced withsevere challenges. In the current environment, economic globalization led tothe competition has no boundary, and our country the system reform,population urbanization, family miniaturization and an aging population, allprovides the development of the industry great opportunities. In front ofthese opportunities and challenges, the important is to improve the efficiencyof the insurance industry, so as to enhance the market competitiveness ofChinese insurance company.Based on the above thinking, this article issues by "China managementefficiency of exploring the empirical research".Firstly, this paper summarizes the development and current situation of the insurance market,and then analyzes the problems existing in the exploring development, andbasis on the above, expounds the significance in evaluation insurancecompany management efficiency. Secondly, briefly review the efficiencytheory, insurance agency efficiency measure comparison and used, this paperuses the method for measure the management efficiency of China lifeinsurance company. Trying to lay a solid theory foundation by reviewing thetheory. Finally, using the DEA method to research the efficiency of ourcountry’s life insurance companies in2003-2010.Then to analyze andevaluate the efficiency trend of life insurance companies and the lifeinsurance industry.At the end of the article to total the countermeasures andproposals to enhances the efficiency of our country life insurancecompanies.