Analysis and Evaluation for Core Competence of Insurance Company Based on SEM

Hengqing Tong, Yang Ye, Yichao Pan, Shudan Lu, Jie Zhang

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DOI: 10.4236/ib.2010.22021                

Abstract

Evaluation the core competence reasonably plays an important role in the insurance company, it is related to whether the insurance can maintain a stable long-term competitive advantage or not, and whether obtain a stable long-term excess profits or not. In this paper, we select 6 first-degree indexes (including the core competence) and 28 second-degree indexes to evaluate the core competence of insurance company by Structural Equation Model (SEM), and analysis the relationships among the first-degree indexes. Besides, we use a new algorithm proposed by us to improve the calculation of SEM.

Keywords

Core Competence, Insurance, SEM, Algorithm

Conflicts of Interest

The authors declare no conflicts of interest.

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