Efficiency Evaluation of Insurance Companies From Multiperiod Perspective

doi:10.1109/TCSS.2023.3304906

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	Efficiency Evaluation of Insurance Companies From Multiperiod Perspective
	Xie, Qiwei 7; Zhao, Mengfan 7; Li, Rong 7; Li, Wen 6; Zheng, Xiaolong 3,5; Li, Yongjun 2; Qin, Rui 1,8; Wang, Xiaojiong 4; Wang, Fei-Yue 3,5
刊名	IEEE TRANSACTIONS ON COMPUTATIONAL SOCIAL SYSTEMS
	2023-09-18
页码	19
关键词	DEA insurance companies leader-follower model multiple periods
ISSN号	2329-924X
DOI	10.1109/TCSS.2023.3304906
通讯作者	Wang, Xiaojiong(wxjiong@casisd.cn)
英文摘要	The insurance industry plays a crucial role of the national financial system, and the operating efficiency of insurance companies has always been a significant subject of academic research. This study proposes a multiperiod DEA model to dynamically evaluate the operating efficiency of insurance companies, which not only overcomes the defect of the traditional DEA method ignoring the internal structure of decision-making units, but also extends the limitation of the leader-follower model in evaluating single-period efficiency. By analyzing the efficiency of seven listed insurance companies in China from 2009 to 2018, the following conclusions are drawn. The multiperiod DEA model demonstrates advantages over the leader-follower model. The profitability of insurance companies during the first five years is higher compared with the last five years. There is a significant correlation between premium financing efficiency and overall efficiency. Throughout both periods, the loss ratio, loss reserve ratio, and consumer price index (CPI) are always positively correlated with the efficiency of the insurer, while the gearing ratio is negatively related to the efficiency of the insurer. The correlation among gross domestic product (GDP), total insurance value, tradable financial assets, and corporate efficiency varies over time.
资助项目	Natural Science Foundation of Beijing Municipality[9202002] ; National Natural Science Foundation of China[72225011] ; National Natural Science Foundation of China[61673381] ; National Natural Science Foundation of China[71701060] ; National Natural Science Foundation of China[72171072] ; Open Research Fund in 2020 of State Key Laboratory of Management and Control for Complex Systems, Institute of Automation, Chinese Academyof Sciences ; Ministry of Science and Technology of China[2020AAA0108401] ; Ministry of Science and Technology of China[2019QY(Y)0101]
WOS关键词	DEA MODEL ; LIFE ; PERFORMANCE ; INDUSTRY ; PRODUCTIVITY ; INTELLIGENT ; CHINA
WOS研究方向	Computer Science
语种	英语
出版者	IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
WOS记录号	WOS:001071916500001
资助机构	Natural Science Foundation of Beijing Municipality ; National Natural Science Foundation of China ; Open Research Fund in 2020 of State Key Laboratory of Management and Control for Complex Systems, Institute of Automation, Chinese Academyof Sciences ; Ministry of Science and Technology of China
内容类型	期刊论文
源URL	[http://ir.ia.ac.cn/handle/173211/53083]
专题	多模态人工智能系统全国重点实验室
通讯作者	Wang, Xiaojiong
作者单位	1.Chinese Acad Sci, Inst Automat, State Key Lab Multimodal Artificial Intelligence S, Beijing 100190, Peoples R China 2.Univ Sci & Technol China, Sch Management, Hefei 230026, Peoples R China 3.Univ Chinese Acad Sci, Sch Artificial Intelligence, Beijing 100190, Peoples R China 4.Chinese Acad Sci, Inst Sci & Dev, Beijing 100190, Peoples R China 5.Chinese Acad Sci, Inst Automat, State Key Lab Management & Control Complex Syst, Beijing 100190, Peoples R China 6.Hubei Univ, Fac Math & Stat, Wuhan 430062, Peoples R China 7.Beijing Univ Technol, Res Base Beijing Modern Mfg Dev, Beijing 100124, Peoples R China 8.Chinese Acad Sci, State Key Lab Management & Control Complex Syst, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Xie, Qiwei,Zhao, Mengfan,Li, Rong,et al. Efficiency Evaluation of Insurance Companies From Multiperiod Perspective[J]. IEEE TRANSACTIONS ON COMPUTATIONAL SOCIAL SYSTEMS,2023:19.
APA	Xie, Qiwei.,Zhao, Mengfan.,Li, Rong.,Li, Wen.,Zheng, Xiaolong.,...&Wang, Fei-Yue.(2023).Efficiency Evaluation of Insurance Companies From Multiperiod Perspective.IEEE TRANSACTIONS ON COMPUTATIONAL SOCIAL SYSTEMS,19.
MLA	Xie, Qiwei,et al."Efficiency Evaluation of Insurance Companies From Multiperiod Perspective".IEEE TRANSACTIONS ON COMPUTATIONAL SOCIAL SYSTEMS (2023):19.