效率是保险公司核心竞争能力的体现。本文通过对决定保险公司效率的因素进行理论和实证分析发现:以国有为主导的保险公司产权结构,使得产权制度的激励、约束和配置职能不能有效地发挥应有的作用,从而造成了相应的效率损失;公司治理水平好的保险公司,其效率水平也普遍较高。 Efficiency is the embodiment of the insurance company’s core competitiveness. Through the theoretical and empirical analysis of the factors that determine the efficiency of insurance companies, this paper finds that the property rights structure of insurance companies dominated by state-owned companies makes the functions of incentive, restraint and allocation of property rights system ineffective, which leads to the corresponding Efficiency loss; insurance companies with good corporate governance are generally more efficient.