东亚三国人寿保险公司效率比较研究-应用数学专业论文.docxVIP

Abstract Asian economy plays a significant role in promoting the development of universal economy. As the main bodies of Asia economy, Japan, South Korea and China which are located in the East Asia impose ineligible influences on the universal economy. Insurance is the fundamental means in the risk management of modern life, and the insurance industry as one of the main industries in economy plays a very important role in the everyday operation. Although the development of the insurance industries of Japan, South Korea and China experienced different stages respectively, on the whole, they are more or less on the same development level. A study of the insurance companies’ operational efficiency in the above three countries is of vital significance to the development of Chinese insurance companies. This paper makes use of the DEA (Data Envelopment Analysis) Efficiency Evaluation System to carry out a comparative analysis on the operational efficiency of life insurance companies in Japan, Korea and China. Four most representative life insurance companies in each country were selected. The CCR (Chames, Cooper Rhodes, 1978) model and BCC (Banke, Charens Cooper) model were used to estimate the comprehensive technical efficiency under constant return to scale and variable return to scale respectively. The SCRS (Anderen Petersen, 1993) model was used to calculate the super-efficiency index of these insurance companies. The paper use the above three indicators in the comparison of operational efficiency. Finally, according to DEA model’s projection theorem, the optimization approaches for low operational efficiency companies were explored. Then, the following conclusions were summarized: South Korean life insurance companies had the highest average operational efficiency, Japanese companies ranked the lowest; no significant differences were observed between life insurance companies in China and the ones in South Korea. Chinese life insurance companies varied greatly in