A Study On Operating Efficiency About Liability Insurance And Its Influencing Factors In China

In recent years,the contradiction between doctors and patients,food safety and other issues frequently,vigorously promote the use of commercial insurance liability means to resolve social disputes is particularly important.At present,the insurance industry launched a variety of liability insurance and actively participate in the innovation of social governance model.While strengthening the social management function of liability insurance,the state has also put forward new requirements for insurance companies operating liability insurance.Efficiency is an important index to measure the operation and function of insurance role to play,and also embodies the competitiveness of the company.Study of business efficiency and its impacting factors of liability insurance in China,is conducive to the future development of the insurance companies targeted for its improvement in the innovation and development of the liability insurance.First,the thesis summarizes the operation of China's liability insurance in 2006-2015,including characteristics of liability insurance and the types of business entities,premium income,claims payments,the proportion of cases.Secondly,the efficiency theory and evaluation method are expounded.Based on this,the SBM model and the window analysis method in the data envelopment analysis(DEA)are used to analyze the static and dynamic measures of the technical efficiency,pure technical efficiency and scale efficiency of the liability insurance business of the sample companies from 2011 to 2015.The results show that the scale efficiency is not changed greatly,the technical efficiency and the pure technical efficiency decrease slightly.The increase in the scale efficiency of Chinese-funded property insurance companies is the main reason for the change of its technological efficiency.The foreign-funded property insurance companies have experienced a significant decrease in technical efficiency due to the common decline in pure technical efficiency and scale efficiency.After the qualitative description and quantitative analysis of the influencing factors of the efficiency of liability insurance in China,the quantitative part adopts the panel Tobit to carry on the demonstration.The results show that the market share and the size of the company have a significant positive impact on the operational efficiency of the liability insurance.The labor and operating expenses rate have a significant negative impact on the operational efficiency of the liability insurance.There is no significant correlation between business occupancy and the operational efficiency of the liability insurance.Finally,on the basis of theoretical and empirical analysis,some solutions on the operation and development of China's liability insurance are proposed,like how to control the cost of operating expenses,pay attention to human capital,and improve professional technology.