Analysis on the total factor productivity of Chinese life insurance enterprises and its influence factors: Based on DEA-Malmquist index and its decomposition

Volume 4, Issue 2, April 2020     |     PP. 16-27      |     PDF (235 K)    |     Pub. Date: December 1, 2020
DOI:    193 Downloads     5816 Views  

Author(s)

ZHANG Lei, Master, School of Economics and Management, Inner Mongolia University, Hohhot, China
MA Zhanxin, PhD, Professor, School of Economics and Management, Inner Mongolia University, Hohhot, China

Abstract
With the improvement of people's living standards, people's requirements for the quality of life are constantly improving and the awareness of venture capital is also increasing. At present, China is facing a serious problem of aging population, the emergence of major diseases and epidemics. The opening of the second child policy is leading to a significant increase in the demand for insurance products. As an important part of the insurance industry, life insurance industry will also face a broader development space. In the context of the rising consumption of life insurance products, life insurance enterprises should not only rely on quantity and short-term interests, but also should pay attention to the improvement of efficiency. From the perspective of long-term development, it is conducive to promoting social and economic progress. Based on DEA-Malmquist index this paper analyzes the efficiency of China's life insurance enterprises from 2011 to 2017. We put forward relevant policy suggestions to improve the efficiency of life insurance enterprises and promote the industry reform.

Keywords
life insurance enterprises, total factor productivity, data envelopment analysis

Cite this paper
ZHANG Lei, MA Zhanxin, Analysis on the total factor productivity of Chinese life insurance enterprises and its influence factors: Based on DEA-Malmquist index and its decomposition , SCIREA Journal of Management. Volume 4, Issue 2, April 2020 | PP. 16-27.

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