Performance Analysis Of Property Insurance

In the development of the social economy,as a commercial activities,property insurance is playing an very important role and value. So,property insurance is very important for our national insurance,even our national economic.Property insurance is a big part of our national insurance,property insurance has two kinds of function---basic function and derived function respectively,the basic function divided into economic compensation function and disperse risk function;derived function divided into three function:financing,anti-disaster and anti-loss,investment.The effect of property insurance is transfer risk,capitates loss,implement compensation and mortgage credit.Property insurance can eliminate a great deal of uncertainty element under the production and mangerment,and play a great role of the regular operation of the market economy.Our national property insurance has developed fastly,premium has developed fastly,national insurance conscious has developed fastly gradually.In the mean while,the drawback is existing.Keeping stable running as well as summarizing experience evaluating the situation of ourselves objectively,finding out the contradiction of the defect and the problem,for the sustainable development of our national property insurance.Now that property insurance is very important for social economy, so we should analyse operaring performance of property insurance,research our national property insurance developing situation at present,the reason of resulting in this situation,and propose suggestion,for promoting our national property insuance developing stably and healthly,as well as playing its function for motivating the developing of our national economy.The paper take the city of Dalian Province Liaoning for example, throngh empirical analyse the performance problem on the different kinds insurances in Dalian property insurance,analyse the operating performance of Dalian property insurance company in insurances and in company step by step.Analyse the performance of Dalian property insurance in insurances(property insurance,car insurance,cargo insurance,hull insurance and life insurance) and in company,promote the insurance performance from improve direction, improve amplitude of the indicator and the learning model.After researching and analyzing,find the contradiction and problem which exist in the Dalian property insurance company.After summarize the contradiction and the problem,giving the related suggests for improving the performance of Dalian property insurance.After operating performance analyse find out that the value θis not high of Dalian property insurance company,cargo insurance and hull insurance especially,which illustrate the development level and quality level of Dalian property insurance is disequilibrium within the insurance; comprehensive performance θ is not high either within the company,and only several companies have high value.In addition,the development of the company itself is disequilibrium either,which illustrate Dalian property insurance company’s Comprehensive quality is not high, as a result, it is influence Dalian property insurance’s Sustainable development badly.This articlethrough the analysisof property industry performance thatthere is no absolute relationship between businessperformance value and its market share, and not high market share of the categories of its performance value is higher, the market share of the categories of the low performance value is lower. Generally speaking, the high market share (premium income) its performance value is relative taller, but the relationship is not absolute. Life insurance share lower than ship risks and freight risk, but performance value is higher than them, freight risk share lower than ship risks, its performance value higher than ship risks. In dalian, said property industry contribution performance mainly concentrated in Motor Vehicle Insurance, property insuranceand life insurance, property insurance company in the actual operation process is mainly concentrated in these a few categories, for other insurance operation and development work and input energy, capital is relatively less; Of course ship risks and freight insurance performance value lower for it is partly due to the risk of these two categories are relatively high, more uncertain factors. Visible to improve risk management performance can not only improve value premium income, to pay attention to the quality of the insurance.After researching and analyzing,the paper find out the problems and propose the related suggest,as follow:exploit new product and new area of property insurance positively;change the situation of market concentration,encourage and inspire small property insurance company, relax the system of controling over market entry,improve property insurance market system and perfect market structure, strengthening the supervision of market system, eliminate vicious competition, pay attention to balanced development,boost the whole level.The innovation of the paper lies in:on the one hand,performance analysis of our national property insurance not only from the different company,but also from the different product,on the other hand, the paper use one model of DEA:Non-Discretionary Variable Model.The main idea of the non discretionary variable model is that divide assessment variable into two par:one part is non discretionary variable.and the rest is discretionary variable.put these two types variables together in order to measure the value of DMU.The paper determine two non discretionary variables:Outstanding claims number and insurance indemnity respectively;four discretionary variables:insurance amount, accept insurance amount, case amount and premium respectively. Meanwhile, disadvantages of the paper is that the limition of the data and the indicator selection,which resulted in the paper’s empirical study is not comprehensive and accuracy.Besides,I am not do well in the method of DEA,which leading to the outcome of property insurance orperating performance is not totally and deeply.