Personal Insurance Business Efficiency Of China And Influence Factor Analysis Based On DEA And Tobit Model

Insurance industry has always been an important branch of the financial sector,in the social security system occupies a very important position.Today,especially in the nearly 40 years of reform and opening,with the rapid development of economy in our country,the level of science and technology progress and the continuous improvement of people's living standard,people also gradually deepen to the understanding of the insurance industry,the various risks of insurance rate is increasing year by year.The Personal Accident Insurance as a new danger to plant,in today's frequent natural disasters and accidental injury,its acceptance is increasing year by year.However,despite the fact that insurance market as a whole is a thriving scene,the insurance company accident injury insurance of Personal Accident Insurance fee also increased year by year,however,the efficiency of each insurance company accident injury insurance is still not high.Therefore,how to in a good economic situation at present,further enhance the competitiveness of insurance companies,is still an important problem to be solved.Efficiency,always is the important topic of economics research,for the insurance industry efficiency is used by the insurance company for its efficient allocation of various resources,it is representative of a company's input and output capacity and market competitiveness.Today,especially comprehensively deepen the reform and open policy,the insurance market more competitive,the efficiency of each plant size,and analyzes the factors that influence the efficiency of further development and improvement of the coverage is of great significance,is also very important for the management of insurance company.Based on a comprehensive understanding of the domestic and foreign research on management efficiency of the insurance industry and the development situation of Chinese and foreign scholars in recent years about the efficiency of the insurance industry on the basis of theoretical research and evaluation methods,using the method of data envelopment analysis(DEA)to 2005-2014 decade 20 domestic property insurance company's accident injury insurance of technical efficiency,pure technical efficiency and scale efficiency levels to carry on the measure,at the same time using the Malmquist index analysis method to analysis during this decade the efficiency of the property insurance company accident injury insurance dynamic change,and further to total factor productivity is decomposed into technical efficiency change and technology change index to examine each person accident injury insurance of property insurance company technological progress level changes and efficiency level changes.And,Tobit regression analysis model is established on this basis,the influence on China's property insurance company the influence factors of person accident injury insurance business efficiency is analyzed.The research results show that the average efficiency of property insurance company accident injury insurance level is not stable,but the whole,accident injury insurance of our country's insurance market efficiency is not high,this also shows our country property insurance company the operating efficiency of personal insurance has much room to improve.In this paper,the technical efficiency is decomposed into pure technical efficiency and scale efficiency level is analyzed,the results found that the main cause of casualty technical inefficiency is a pure technical efficiency is not effective,and the effects of low scale efficiency level is relatively small.This with the level of pure technical efficiency improvement with immediate effect and scale efficiency is to undergo a slow process.And,through the empirical analysis we can find that for casualty,some traditional large insurance company level of pure technical efficiency than those emerging small insurance company's level of pure technical efficiency is high,but the scale efficiency level is just the opposite.At the same time,the large scale efficiency of insurance companies are decreasing year by year,and small businesses,pure technical efficiency level is slowly improving.Combining the result of the Malmquist index analysis method,to today's property insurance company in our country is becoming more and more fierce competition and challenges.Overall,in the ten years from 2005 to 2014 accident injury insurance in the insurance market of our country productivity or improve year by year,the insurance company productivity growth is primarily to rely on technological progress,while the improvement of technical efficiency also plays a certain role,but the technology level of progress is the main reason of person accident injury insurance of our country grows vigorously.Finally,using Tobit regression analysis model to examine the influence of person accident injury insurance all the influence factors of efficiency level,the result shows that for the efficiency of insurance companies,the per capita disposable income and market share to determine the size of the efficiency significantly influence factors;Human capital,total assets is the technical efficiency level is not a pure technical efficiency level of influencing factors.And the significant influencing factors of scale efficiency standards,but at the end of the paper on the basis of the above empirical analysis,put forward some improve the management efficiency of the property insurance companies person accident injury insurance countermeasures and suggestions.