Empirical Study on Evaluation of Sustainable Development Capability Based on DEA-AHP

Abstract

After the 2008 financial crisis, the sustainable development capability of Chinese property and casualty insurance enterprises has been an important issue and a focus of people’s concern. This paper selects PICC Property and Casualty Company (PICC P&C), China Continent Property & Casualty Insurance Company (CCIC P&C), China United Property Insurance Company (CIC), China Pacific Insurance Company (CPIC) and Ping An Property & Casualty Insurance Company (Ping An) as research objects. Using DEA-AHP method to evaluate the five companies from the efficiency perspective, the paper reaches the conclusion that PICC P&C is the most efficient. Then, it studies the strategies to promote the sustainable development capability of domestic property and casualty insurance companies: pay attention to employee training; form effective learning mechanism; build up knowledge sharing incentive mechanism; improve knowledge sharing system and organization structure platform; and build up trust mechanism for knowledge contribution.
Key words: Sustainable development capability; Evaluation; DEA-AHP method