An Analysis on the Operation Performance of Financial Holding and Non-Financial Holding Property Insurance Industry in Taiwan

[[abstract]]本研究利用因素分析、集群分析、迴歸分析等統計方法，評估2002年至2006年台灣地區十九家產險公司的經營績效及各因素對市占率之影響。實證結果分為三部份，第一部份利用因素分析，將29個財務比率整理成四個財務指標，分別是整體營運指標、獲利能力指標、經營效能指標及投資績效指標；第二部分再以各公司在各年度之因素得點為主，利用群集分析將產險公司區分為7個群集，結果證明四個因素在不同群集間均有顯著差異，分群結果並可顯示在研究期間經營績效有問題之公司；第三部份利用迴歸分析，探討四個因素與市占率之間的關係，並找出金控體系與非金控體系之間的差異，結果建構金控體系與非金控體系之迴歸式，本研究發現整體營運在兩體系中有很大的差別，而獲利能力及投資績效也是影響金控體系公司市占率之重要因素。[[abstract]]This research applies factor analysis cluster analysis and regression analysis to evaluate the operation performance of 19 Taiwan property insurance companies from 2002 to 2006 and the influence of all factors to market occupy rate The empirical results are divided into three parts：First apply factor analysis to reduce the financial rates into four factors which are defined as “whole operation index ” “benefit ability index ” “management efficiency index” and “invest performance index ” Second use the factor scores of all companies from 2002 to 2006 and apply cluster analysis to sort property insurance companies into seven clusters by the four indices also prove the four are significantly different in these seven clusters and find out which company is problematic Third apply regression analysis to explore the correlation between the four factors and the market occupy rates and find out the difference between financial holding and non-financial holding companies The result establishes two models one is for the financial holding corporations and the other is for the non-financial holding ones Finally we find out that the whole operation is obviously different between these two systems; moreover management utility and invest performance are also important factors which affect the financial holding corporations’ market occupy rate