Operating Efficiency Analysis Of Motor Vehicle Insurance

Efficiency is one of the core issues in the field of economics that people are keen to study. The insurance company for the long-term development operations, efficiency is a measure of whether the effective allocation of resources owned. Motor vehicle insurance as an important part of the insurance system, which is the level of efficiency of the property and casualty insurance companies and even entire insurance system has a significant impact.Sunshine Insurance Company is one of the nine Insurance Group, the insurance company is the most fierce momentum of joint-stock companies. Sunshine Insurance shareholders rely on a strong force there since the establishment of the rapid development, now the top five markets in the domestic property and casualty insurance business. Sunshine Insurance Shandong Branch in the system is the leader in the insurance market in Shandong Province, also followed PICC, Ping An, the Pacific and subsequently, to keep pace with the Chinese joint, its operating headquarters of the indicators much attention. To ensure the company’s vehicle insurance have better positioning in the long-term development in the future, look at the insurance company in the actual operating conditions of the past few years, to figure out their shortcomings in the operation, in order to avoid detours in the future development.Therefore, this paper Branch16cities Sunshine Property Insurance Company of Shandong Province (excluding Qingdao) three branch companies operating efficiency motor vehicle insurance as research subject, this study not only help to improve the insurance company vehicle insurance management level, but also has practical significance to promote the healthy development of their sustainability and vehicle insurance, which fully reflects the level of efficiency of the three branches operated by the company’s vehicle insurance sustainability strength of power, input and output capacity the level and extent of its contribution to the national economy of size.In this paper, data envelopment analysis (DEA model) and total factor productivity index (Malmquist analysis) for2009to2012Sunshine Property Insurance Co., Ltd. Shandong Branch16cities in three branches operated by the company four years of vehicle insurance panel data processing, measure out three branches operating efficiency16vehicle insurance company, and its in-depth analysis. The results show that:the three branches around the city, the company operated vehicle insurance there are different levels of investment resources wasted case is made of pure technical inefficiency and scale inefficiency caused by both common and larger factors affecting inefficiency; around the city, three branch companies operating efficiency levels of vehicle insurance and the level of local economic development, there is a close connection.And the actual situation Sunshine Property Insurance Co., Ltd. Shandong Branch16cities in three branches of insurance companies operating efficiency of the vehicle, made a valid path to improve its operating efficiency:the transformation of the development model of vehicle insurance; accelerate innovative vehicle insurance pace; improve the management level of vehicle insurance; enhance the overall quality of staff vehicle insurance.