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《Economic Research Journal》 2005-07
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The Empirical Analysis of Efficiency of China's Insurance Industry

Yao Shujie, Feng Genfu and Han Zhongwei(Xi'an Jiaotong University; Middlesex University,UK)  
China joined the WTO in 2001 and has to fully open up its insurance market to foreign competitors by 2006. However, the domestic insurance market is overwhelmingly dominated by a few large state-owned or state-controlled firms. As the market is still underdeveloped and the demand for insurance is rising exponentially, there exists huge potential, opportunities as well as challenges for non-state, foreign and joint-venture insurance companies. Efficiency is a key concern of policy makers to encourage further development of the insurance industry. This paper focuses on this important issue. It uses a panel data set of 22 firms over the period 1999—2002 to evaluate their efficiency scores applying a DEA approach. It then employs an econometric model to identify the key determinants of efficiency. The empirical results suggest the direction of how to improve firm efficiency. It is found that firm size, ownership structure, mode of business and human capital are important factors affecting firm performance. The results shed important light on policy design and implementations on future development of the insurance industry with WTO obligations.
【CateGory Index】: F842
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【References】
Chinese Journal Full-text Database 10 Hits
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【Citations】
Chinese Journal Full-text Database 1 Hits
1 Yao Shujie(Middlesex University, UK) Feng Genfu Jiang Chunxia(Xi'an Jiaotong University);The Empirical Analysis of Efficiency of Chinese Banks[J];经济研究;2004-08
【Co-citations】
Chinese Journal Full-text Database 10 Hits
1 Ji Jianyue;Wang Xiulin;School of Economics,Ocean University of China;;Research on the Two-stage Efficiency Evaluation of China's Stateowned Commercial Banks[J];金融发展研究;2015-09
2 HAN Song;WANG Er-ming;School of Economics,Renmin University of China;National Information Center;;THE STUDY ON CHINESE COMMERCIAL BANKS OVERALL EFFICIENCY——Basing on Composite Network DEA Model with Intermediate Input and Intermediate Output[J];经济理论与经济管理;2015-08
3 FU Chang-luan;ZHU Xi-hu;International Business School,Zhejiang International Studies University;China Academy for Rural Development,Zhejiang University;;STUDY ON X-EFFICIENCY OF RURAL SMALL AND MEDIUM-SIZED FINANCIAL INSTITUTIONS——Based on the Data of Zhejiang Province[J];经济理论与经济管理;2015-07
4 CHENG Mao-yong;School of Economics and Finance,Xi'an Jiaotong University;;Non-interest Business and Banks' Efficiency: The Empirical Evidence from Chinese Banking[J];当代经济科学;2015-04
5 LI Li-xin;GAO Yan-ping;Faculty of Statistics,Shanxi University of Finance and Economics;;The Estimation and Optimization of Chinese Commercial Banks Benefits and Risk Coordination Interval[J];兰州商学院学报;2015-02
6 LEI Yuan;ZHAO Qian;ZHU Yi-Ning;School of Economics and Finance,Xi'an Jiaotong University;;The Efficiency Analysis of Chinese Cultural Originality Industry——The Empirical Research Based on 68 Listed Companies[J];当代经济科学;2015-02
7 QIU Zhaoxiang;LIU Hao;AN Shiyou;University of International Business and Economy;China HuaRong Asset Management Co.,LTD.;;On the Impact of Administrative Monopoly on Chinese Banking Market Structure[J];金融研究;2015-02
8 SU Fang;CHU Liping;School of Finance,Shanghai University of Finance and Economics;;Analysis on Measurement and Improvement of Capital Efficiency for Chinese Banks[J];金融研究;2015-01
9 HE Yong;School of Economics and Business Administration,Central China Normal University;;The Cost Efficiency and Influential Factor Analysis of China's Banks——Based on the Stochastic Frontier Model[J];华中师范大学研究生学报;2014-04
10 LI Shuai;JIN Tao;Institue of Economics,Xiamen University;;Government Intervention,Financial Discrimination and Capital Market Distortions:an Industrial Analysis Based on Different Ownership Sectors in China[J];现代财经(天津财经大学学报);2014-12
【Co-references】
Chinese Journal Full-text Database 10 Hits
1 ZHU Zhong-kun;TAO Jian-ping;TAO Shuang;Hubei Rural Development Research Center, Huazhong Agricultural University;School of Economics, Huazhong University of Science and Technology;;Study on the operating efficiency and the influencing factors of Chinese agricultural insurance institutions[J];农业现代化研究;2015-04
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3 BIAN Wenlong;WANG Xiangnan;SUN Qixiang;Peking University;Chinese Academy of Social Sciences;;Size,Diversification,and Efficiency of Property Insurance Companies in China:Taking into account the non-monotonicity of marginal effects[J];保险研究;2015-05
4 SU Fang;CHU Liping;School of Finance,Shanghai University of Finance and Economics;;Analysis on Measurement and Improvement of Capital Efficiency for Chinese Banks[J];金融研究;2015-01
5 ZHU Nanjun;ZHANG Zhaorong;School of Economics,Peking University;;Efficiency Measurement and Affecting Factor Analysis of China Auto Compulsory Insurance in Different Districts—Based on the Provincial Data from 2008 to 2012[J];保险研究;2015-01
6 WEI Ping;QI Lei;School of Finance,Renmin University of China;;Empirical Study on Technical Efficiency and Its Factors of Property-Casualty Insurance Company[J];数理统计与管理;2014-04
7 Zhang Ying;Hu Bingzhi;Southeast University;Wuhan University;;An Analysis of Relationship between Social Health Insurance and Private Health Insurance in an International Context[J];武汉大学学报(哲学社会科学版);2014-01
8 ;Dynamic Comparison and Difference Decomposition for the Financing Capacity of Finance Industry in China[J];数量经济技术经济研究;2013-11
9 Kou Ye-fu;Xu Wen-lu;China Institute for Actuarial Science,Central University of Finance and Economics;School of Insurance,Central University of Finance and Economics;;The Robustness Test for the Competitiveness Evaluation of Property and Casualty Insurance Companies[J];保险研究;2013-10
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【Secondary References】
Chinese Journal Full-text Database 1 Hits
1 ZHU Nanjun;ZHANG Zhaorong;School of Economics,Peking University;;Efficiency Measurement and Affecting Factor Analysis of Mandatory Third-party Liability Auto Insurance in China——From Corporate and Social Perspectives[J];保险研究;2015-11
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