Evaluation And Forecast Of Insurance Companies' Competitiveness Based On Factor Analysis And Gray System Model

Since the dawn of mankind,when all kinds of natural disasters and accidents have occurred,to human survival and development pose a threat,in order to reduce the incidence or reduce disaster losses,the insurance came into being.With increasingly fierce competition in the insurance industry,the competitive advantage of domestic insurance companies,where,and how they evaluate and predict it?This article briefly describes some of the current competitiveness theory and reference literature,that the insurance companies involved in the competitiveness of enterprises is reflected in all aspects of the comprehensive strength of the company.Secondly,to earned premiums for the standard from the China Insurance Yearbook 2014,followed by selecting the data of 24 insurance companies as a sample,the selected 10 indexes to construct the evaluation index system,the to carry on the factor analysis,from the original 10 indicators from three common factors,and it was named after the company scale factor,profitability factor and the development factor.Draws the following conclusion:emerging insurance companies no problems left over by history,enterprising,good development;industrial structure is reasonable the old insurance company by virtue of the rich experience and a huge scale,in China's insurance market also occupies a place;however,industrial structure unreasonable old insurance company due to its heavy historical burden will gradually be eliminated.Finally,in the life of group,for example,by using the grey system model for the prediction of the development status in 2015,have to go abroad life group in 2015 will be an unprecedented development,but its historical problem that not allow to ignore,to the enterprise the influence degree of increase year by year.