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.
The authors suggest alternative ways to improve performance of insurance companies in China and make useful policy recommendations on regulation, competition and development of the insurance industry. They expand the applications of data envelopment analysis and stochastic frontier analysis in the literature on technical efficiency and discuss managerial implications for both insurance companies and policymakers.
Performance of the Chinese Insurance Industry under Economic Reforms will be significant for academic researchers and students of economics, finance and business. Managers of financial institutions in China and the rest of the world will find this important book intriguing, as will policymakers and regulators working in the financial and insurance industries.