| Efficiency has always been the focus of economics research. For the insurance industry, the efficiency is important index to measure the degree of insurance operation and functional. Since April 1979 the State Council approved the gradual recovery of the domestic insurance business, China’s insurance industry has made brilliant achievements, but the overall level of development is still relatively backward in the international arena. With the full liberalization of the insurance market, the steps of opening to the outside world in the insurance industry was speeded up, more and more fierce competition between insurance company, at the same time also faces different pressure from foreign insurance companies.Based on the above considerations, the author with "China’s life insurance industry efficiency and impact factors based on non-parametric and semi-parametric analysis", comb the regularity of China Life Insurance business, and then use the non-parametric and semi-parametric to analyze the efficiency and the influencing factors. This paper is divided into five chapters; the specific structure is as follows:Chapter 1 Introduction. Use the research background, significance and other aspects to elaborate the structure of the appearance.Chapter 2 Measure Theory and Methods insurance agency efficiency. This chapter will explore the efficiency theoretical framework, and then use nonparametric and semi parametric additive model to describe the theoretical knowledge.Chapter 3 Empirical Analysis of China’s life insurance industry efficiency-based on non-parametric methods. First, this paper elaborates the sample selection criteria, data sources, selection and calculation methods and other indicators of the content; then, analyze and compare the efficiency of those categories like the whole life insurance industry, the big, Medium, small and foreign life insurance company.Chapter 4 The efficiency of China’s life insurance industry based on semi-parametric method of influencing factors. Because the non-parametric method estimates cannot find the factor that influence efficiency of decision making units, so this section will use the semi-parametric model to find the four types of life insurance companies’ factors.Chapter 5 Summary and recommendations. Summarizes the full text, and propose some policy recommendations for the four types of life insurance companies.Paper main conclusion: individual life insurance companies, large differences between individuals. According to the medium outside points, the highest technical efficiency and scale efficiency are large Chinese life insurance companies; Pure technical efficiency of optimal for foreign life insurance companies. Company size, per capita premiums has large funded life insurance companies a significant impact; market concentration has a significant impact on small and medium-funded life insurance company; premiums per capita income has a significant impact on foreign life insurance companies.Paper main innovation: a, innovative research perspective. To optimize efficiency indicators, in the establishment of the DEA model, using an underwriting profit as output indicators model. b, innovative research methodology. This paper introduces a semi-parametric model can be applied as a research method using SAS software estimation and analysis of the factors affecting our operating efficiency of the life insurance industry. |
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