Research on the Efficiency of Capital Utilization of Insurance Asset Management Companies in China : based on the three-stage DEA model

Abstract

With the continuous expansion of the asset scale of insurance industry, the problem, how to use funds more efficiently to improve efficiency needs to be solved urgently. Based on the three-stage DEA model, this paper measures the capital utilization of 10 insurance asset management companies in China from 2013 to 2018. The empirical results show that the overall capital utilization efficiency of insurance asset management companies in China is relatively low. According to the problems of low efficiency and scale adjustment, it is suggested that optimizing investment, such as improving investment ability, expanding business scale, introducing and cultivating talents, in order to form a modern investment philosophy and promote the efficiency of capital utilization.