我国上市保险公司资金运营效率研究

发布时间：2018-06-19 03:16

本文选题：保险公司 + 资金运营　；参考：《对外经济贸易大学》2014年硕士论文

【摘要】：保险业作为我国金融体系的重要组成部分，在促进我国国民经济的繁荣、维护社会、人们生活的安定方面发挥着重要作用。随着社会的进步、经济的发展，保险市场规模的不断扩张，保险公司的合法合规经营的意识也不断增强，保险的服务对象不断丰富，保险市场的秩序逐渐好转，其服务社会能力不断增强，我国保险市场的发展取得了巨大的进步。近几年我国的保险业得到了飞速发展，但是发展过程中的一些弊端和面临的挑战也逐渐明显。例如，由于近年来我国保险金的平均收益率都低于银行五年期存款利率，使得一些险种退保的风险加大，另外随着寿险满期高峰的来临，使得保险公司的支付压力增大，由此可能带来现金流不足的风险，这些问题都进一步加大了保险公司风险防范的压力；传统业务发展缓慢，而新产品的创新能力不足，使得现有的产品缺乏强有力的竞争力；我国保险业高速发展是通过粗放式经营而形成的，这种不重视管理、过度重视规模扩张导致了整个行业的盈利能力减弱，成本费用增加。本文正是在我国保险业高速发展的同时整个行业所存在的问题逐渐显现的大背景下对我国保险业资金的运营效率进行深入研究。本文在介绍了保险资金运营效率国内外研究现状的基础上，通过对保险资金来源、保险资金效率、保险资金运用原则、保险资金运用渠道以及效率评价相关理论的基础上，选取了我国在A股上市的四家保险公司2006-2012年的数据，，通过构建效率测度的CCR模型对其保险资金运营效率进行了测度，结果表明，我国保险资金运营效率的整体水平不高，从各公司2006-2012年的效率均值来看，中国太平洋保险（集团）股份有限公司的平均效率值最高，其资金运营的效率值达到了0.989，而中国平安保险（集团）股份有限公司资金运营的平均效率值最低；从不同年份不同公司的资金运营效率值来看，2006-2008年各公司的效率值都出现了不同程度的波动，波动最大的年份出现在2007-2008年间，这可能是由于金融危机的影响。在通过对保险公司资金运营效率深入研究的基础上，本文从拓宽资金运用渠道、改善经营环境、加强人才储备和提高产品市场份额等四方面提出了提高保险资金运营效率的对策建议。对我国保险公司资金运营效率的研究不仅能够促进我国保险业的发展而且对维护社会稳定和促进国民经济的发展也具有重要意义，此外，通过本文的研究还将对保险资金运营效率理论的发展有积极的促进作用。
[Abstract]:As an important part of China's financial system, the insurance industry plays an important role in promoting the prosperity of our national economy, maintaining the society and the stability of people's life. With the progress of society, the development of economy, the constant expansion of the scale of insurance market, the awareness of the legal and compliance management of insurance companies is also increasing, the clients of insurance services are becoming rich, and the order of the insurance market is gradually improving. Its service social ability unceasingly strengthens, our country insurance market development has obtained the huge progress. In recent years, China's insurance industry has been rapidly developed, but the development process of some drawbacks and challenges are gradually obvious. For example, in recent years, the average rate of return of insurance gold in China is lower than the five-year deposit interest rate of the bank, which increases the risk of some types of insurance to retire. In addition, with the arrival of the life insurance maturity peak, the payment pressure of the insurance companies increases. This may bring the risk of insufficient cash flow, these problems have further increased the pressure of risk prevention of insurance companies; the slow development of traditional business, and the lack of innovation ability of new products, make the existing products lack of strong competitiveness; The rapid development of insurance industry in our country is formed by extensive operation, which pays little attention to management and excessive attention to scale expansion, which leads to the weakening of profitability and the increase of cost and expense of the whole industry. In this paper, under the background of the rapid development of the insurance industry in China and the problems existing in the whole industry, the operating efficiency of the insurance funds in China is studied deeply. On the basis of introducing the present research situation of insurance fund operation efficiency at home and abroad, this paper analyzes the source of insurance fund, the efficiency of insurance fund, the application principle of insurance fund, the application channel of insurance fund and the related theory of efficiency evaluation. This paper selects the data of four Chinese A-share listed insurance companies from 2006 to 2012, and measures the operating efficiency of insurance funds by constructing the CCR model of efficiency measurement. The results show that the overall level of operational efficiency of insurance funds in China is not high. Judging from the average efficiency of companies from 2006 to 2012, China Pacific Insurance (Group) Co., Ltd. has the highest average efficiency. The efficiency of its capital operation reached 0.989, while the average efficiency of China Ping an Insurance (Group) Co., Ltd. was the lowest. According to the operating efficiency of different companies in different years, the efficiency of each company fluctuated in different degrees from 2006 to 2008, the biggest fluctuation occurred in 2007-2008, which may be due to the impact of the financial crisis. On the basis of in-depth study on the efficiency of capital operation of insurance companies, this paper tries to broaden the channels for the use of funds and improve the operating environment. This paper puts forward countermeasures and suggestions on how to improve the efficiency of insurance fund operation from four aspects: strengthening talent reserve and increasing market share of products. The study on the efficiency of capital operation of insurance companies in China can not only promote the development of the insurance industry in China, but also play an important role in maintaining social stability and promoting the development of the national economy. The research in this paper will also promote the development of insurance fund operation efficiency theory.
【学位授予单位】：对外经济贸易大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F842.3;F840.4

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