费率市场化视角下寿险公司资金运用效率研究  

Efficiency of Insurance Fund Utilization in Life Insurance Company: In the Perspective of Premium Rate Marketization

作　　者：章添香[1] 姜兴坤[1] 

机构地区：[1]对外经济贸易大学保险学院,北京100029

出　　处：《南京大学学报（哲学．人文科学．社会科学）》2016年第6期49-59,155,共11页Journal of Nanjing University(Philosophy,Humanities and Social Sciences)

基　　金：教育部人文社会科学研究青年基金项目(15YJC790153)

摘　　要：保险费率市场化对寿险资金运用具有重要影响。本文以2013年8月普通寿险产品预定利率放开为切入点,选取2009-2014年我国44家寿险公司数据,运用DEA法测算各样本公司资金运用效率,分析费率市场化对寿险公司资金运用效率影响。研究认为:整体上我国寿险公司资金运用效率较低(0.541);短期内,费率市场化存在利差损风险,降低了寿险公司资金运用效率;费率市场化对外资寿险公司资金运用效率冲击较大;此外,Tobit回归结果显示,利率、公司规模和公司所有权性质是影响寿险公司资金运用效率的重要因素。The premium rate marketization is important in life companies' fund utilization. Beginning with analyzing the assured interest rate marketization of ordinary life insurance products in August 2013,this paper studies 44 life insurance companies in China from 2009 to 2014. The efficiency of these companies are measured with DEA method,to study what affects life insurance companies' fund utilization. The conclusion is that the efficiency of life insurance industry in China is quite low( only0.541),and premium rate marketization leads to the risk of rate difference loss in short term,only to reduce the efficiency. The conclusion also shows that the negative shock of premium rate marketization on fund utilization in foreign life insurance companies is bigger than that in China's life insurance companies. What's more,the result of Tobit model shows that interest rate,company's size and ownership are also important facts,influencing life insurance companies fund utilization.

关 键 词：费率市场化 资金运用 效率 寿险公司 

分 类 号：F842.6[经济管理—保险]