Performance of the Chinese Insurance Industry under Economic Reforms

Performance of the Chinese Insurance Industry under Economic Reforms

Advances in Chinese Economic Studies series

Shuji Yao, Zhongwei Han and Dan Luo

The Chinese insurance industry has experienced rapid development during the past decade. This original book is the first English language study in the literature to address the efficiency issue of the Chinese insurance sector, and presents a comprehensive review on alternative methodologies for analyzing firm efficiency.

Appendix 3: Slacks and targets for insurers 1999–2003 (RSRB approach)

Shuji Yao, Zhongwei Han and Dan Luo

Subjects: asian studies, asian business, asian economics, business and management, asia business, international business, economics and finance, asian economics, money and banking

Extract

Efficient input target OPEX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Capital 6 590.5 1 428.0 117.25 59.159 420.00 311.00 37.260 0.8580 6.7655 3.6776 8.6702 1.5343 Labour 19 899.36 4 723.00 382.884 158.528 1020.00 158.000 108.950 2.2657 19.817 11.934 19.624 4.5497 OPEX 10 288 1 216.0 111.95 17.614 32.00 2 410.0 19.126 2.1399 3.503 3.698 29.69 2.599 1999 PL DMU name Input slacks Capital Labour PICC 0.00 51 684 CPIC Non0.00 0.00 life Huatai 1 038.7 0.00 Tianan 22.923 0.00 Dazhong 0.00 0.00 Yongan 0.00 0.00 Sinosafe 71.007 0.00 Tokiomarine 6.569 0.00 AIU 15.25 0.00 Winterthur 10.61 0.00 Hongkong 40.14 0.00 Royal & Sun 18.83 0.00 2000 PL DMU name PICC CPIC Nonlife Huatai Tianan Dazhong Yongan Sinosafe Tokiomarine AIU Winterthur Input slacks Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Labour 43 139 0.00 0.00 161.12 655.18 0.00 9.090 0.00 21.69 0.927 OPEX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 169 Efficient input target Capital 7 121.1 1 424.0 1 449.0 269.68 496.62 313.00 138.79 40.310 40.115 22.537 Labour 25 125.29 5 467.00 699.00 149.179 257.996 166.00 144.978 15.154 31.683 21.813 OPEX 13 823 1 532.0 179.00 38.729 66.576 3 219.0 39.281 9.699 8.454 5.888 170 Performance of the Chinese insurance industry Table (continued) Input slacks Capital 0.00 0.00 Labour 0.00 0.048 OPEX 0.00 0.00 Efficient input target Capital 121.00 9.109 Labour 40.00 5.479 OPEX 29.00 1.433 2000 PL DMU name Hongkong Royal & Sun 2001 PL DMU name Input...

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