효율성을 이용한 국내 생명보험회사들에 대한 실질적 구조조정에 대한 연구

The purpose of this paper is to analyze of the practical restructuring of domestic life insurance companies using The purpose of this paper is to analyze of the practical restructuring of domestic life insurance companies using radial efficiency model and nonradial efficiency model efficiency. Empirical results, First, the life insurance industry shows more than 38% inefficiency. Second, the efficiency decomposition shows that The inefficiency of mixing efficiency was high. Third, regression analysis shows that as the ratio of recruiters and business ratio is reduced, and as the operating asset ratio and operating asset profit margin is increased, efficiency is increased. Fourth, as a result of inefficiency analysis for input element, the employees, insurance planners, and input factors are inefficient, which shows that the waste of expenses is excessive. Fifth, as a result of investigating the optimal inputs and outputs using the virtual efficiency values, all life insurance companies except Hanwha, Samsung, Hana and Nonghyup are ineffectively managed, and drastic restructuring should be done to become an efficient insurance company. Finally, policy implications for the reduction of inefficiency were suggested as a strategy to expand investment profits by maintaining appropriate size, reducing business costs, increasing asset management and developing investment sites, restructuring.