保险集团经营效率的比较及其影响因素分析——来自欧、美、日和中国台湾的经验

The Comparison on Insurance Group Operating Efficiency and the Analysis of its Influencing Factors——Based on the Data from America, Europe, Japan and China Taiwan

在保险业集团化经营趋势下,组织形式与其经营效率紧密相关。以18家不同的金融集团的保险业务为研究样本,基于数据包络分析方法计算了样本企业的成本效率、配置效率、技术效率、纯技术效率和规模效率;利用M氏指数求解了行业的生产力变动趋势,并进行Tobit回归。结果表明,亚洲金控模式的效率最高,欧洲全能模式次之,美国金控模式的效率最低,而亚洲金控模式能够显著增强保险集团经营效率。根据国际保险集团企业的发展经验,中国应当重点发展保险企业集团,积极推动保险集团的综合化经营以及中小银行参股保险公司的试点。

Under the tendency of insurance grouping management, an insurance company＇s organization form is closely related to its operating efficiency. Taking 18 insurance companies which have different capital structures and organization forms as samples, this paper utilizes data envelopment analysis to analyze the cost, allocative, technical, pure technical and scale efficiency of these companies and does tobit regression on them. The result suggests that the financial holding companies from Japan and China Taiwan keep the highest operating efficiency and their financial holding models have positive influence on their operating efficiency. According to the experience of international insurance business groups, China＇ s insurance companies should put emphasis on developing insurance business group, promote comprehensive management and small and medium-sized banks participate share in insurance companies.