Evaluation on Independent Innovation Capability of Insurance Companies in China-An Empirical Analysis Based on Factor Analysis

摘要

This paper describes an innovative multi-level index system, which is established to evaluate the independent innovation capability of insurance companies in China. In this paper, an empirical analysis based on the method of so-called factor analysis is conducted on the independent innovation capability of insurance companies in China. It can be observed from this analysis that Chinese-funded insurance companies have already owned a strong and independent innovation capability and great development potentials. Nevertheless the capabilit ies of the integrated risk management and human resources still remain at a low level, compares with foreign-funded insurance companies. Based on the analysis, some measures are also described to improve the independent innovation capability of insurance companies in China in this paper.