A vehicle intelligent terminal is designed to collect vehicle state information and driver behavior information based on the application of Internet of Vehicle in the insurance industry, and data of 12 risk factors af...A vehicle intelligent terminal is designed to collect vehicle state information and driver behavior information based on the application of Internet of Vehicle in the insurance industry, and data of 12 risk factors affecting the traffic safety is extracted from the information. The Principal Component Analysis is improved and PCA based on the index significant priority is proposed, using which the data of risk factors is processed and 3 principal components are obtained as the pricing factor of the insurance industry.展开更多
The property insurance industry grows fast in China and it is necessary to further investigate the profitability of the Chinese property insurance industry.This study investigates the evolution and determinants of the...The property insurance industry grows fast in China and it is necessary to further investigate the profitability of the Chinese property insurance industry.This study investigates the evolution and determinants of the profitability of 53 Chinese property insurers during the year 2013-2017.Profitability is measured by profit ratio efficiency by data envelopment analysis(DEA)methodology and a profit ratio change index is applied to compare the performance of these insurers over different periods.Tobit regression models are used to investigate several influencing factors of profitability.The empirical results show the importance of proper arrangement of costs and revenues for an insurer and help to better understand the effect of firm size,age,and product specification on profitability.Some policy implications and suggestions are also proposed.展开更多
基金Supported by National Natural Science Foundation of China (61370088)National Electronic Information Industry Development Fund Project of China (No.[2011]506)+1 种基金Topic of the Ministry of Education about Humanities and Social Sciences of China (No.12JDGC007)International Scientific and Technological Cooperation Projects of China (No.2012DFB10060)
文摘A vehicle intelligent terminal is designed to collect vehicle state information and driver behavior information based on the application of Internet of Vehicle in the insurance industry, and data of 12 risk factors affecting the traffic safety is extracted from the information. The Principal Component Analysis is improved and PCA based on the index significant priority is proposed, using which the data of risk factors is processed and 3 principal components are obtained as the pricing factor of the insurance industry.
基金the support of the National Natural Science Foundation of China(NO.71904185)the Institutes of Science and Development,Chinese Academy of Sciences(NO.Y9X1661Q01).
文摘The property insurance industry grows fast in China and it is necessary to further investigate the profitability of the Chinese property insurance industry.This study investigates the evolution and determinants of the profitability of 53 Chinese property insurers during the year 2013-2017.Profitability is measured by profit ratio efficiency by data envelopment analysis(DEA)methodology and a profit ratio change index is applied to compare the performance of these insurers over different periods.Tobit regression models are used to investigate several influencing factors of profitability.The empirical results show the importance of proper arrangement of costs and revenues for an insurer and help to better understand the effect of firm size,age,and product specification on profitability.Some policy implications and suggestions are also proposed.
