Research On Efficiency Evaluation Of Chinese Insurance Company

Since 2008, the international financial crisis, China life insurance industry development and reform entered a new stage. There are profound changes in the internal and external environment for the development of the whole industry. Premium income scale achieve new highs. Among various kinds of efficiency evaluation method, Two-stage network DEA model can carry on the internal efficiency by "opening the black box", but the lack of weight of internal resource allocation limits its application. Most of scholars examine the efficiency of insurance company using traditional DEA model, and debated on the input and output index system. Inspired by existing commercial bank efficiency evaluation, this paper take the lead in the introduction on the evaluation of the efficiency of life insurance company methodoloy which does not consider the internal resource allocation in non-oriented two-stage DEA model. This paper concluded that the life insurance companies lack of long-term strategy, whose business efficiency is affected a lot by environmental factors. In addition, this paper carried on development pattern and trend analysis. the paper put forward some suggestions such as setting up long-term business objectives, strengthening cost management and cash flow management, etc.