The Competiveness Of Life Insurance Companies In China On Factor Analysis

One of the sign of the development level of countries and regions is theinsurance status in people’s lives. In today’s society, many people were discoloredwhen they talking about insurance. The insurance in foreign countries has a longhistory and plays an important role in the national production activities in the industrywhile it still belongs to the emerging industry in China. In recent years, it has a rapiddevelopment in China industry, both from premium scale, or from the number ofinsurance companies. Risk insurance can not only provide compensation for residentsand businesses, as residents escort, but also make financial intermediation andmaintain social stability.Having started much later, regardless of the depth of the insurance or the densityof the insurance, it has a big difference between China and the developed countries.As an important part of China’s capital market and financial sector body, it will affectthe level of competitiveness to China’s comprehensive strength directly. Therefore,making efforts to improve the competitiveness level of insurance companies hasbecome an important and urgent task of China’s financial market economicconstruction and development has important and far-reaching significance.The paper select all of the69insurance companies in2012Chinese insurancestatistical yearbook from as the population，and extract the data is complete in50assample, and establish the evaluation index system of the competitiveness of insurancecompanies on the basis of theoretical research, the data collected in theannual insurance Statistical Yearbook for factor analysis, put forward to enhancethe competitiveness of China the insurance company is proposed according tothe analysis result. The last four aspects separately from the size of the company, thecompany’s investment income ability, company’s premium growth ability, thecompany’s human resources compensation ability of the present stage of our countrylife insurance company’s competitiveness, and draw a conclusion. China LifeInsurance Company, the general level of development at this stage is not just as one wishes, two stage differentiation phenomenon is serious, monopoly, the joint venturecompany and joint-stock company development bottlenecks are more, in our countrythe health insurance companies difficult start, the outlook is not optimistic. Accordingto the above conclusion, from the perspective of our macro market and company pointof view put forward proposals and Countermeasures to improve the competitivenessof the Life Insurance Company,.