Along with the progress of science and technology in al countries and development of economy and society, the competitions in insurance industry become fiercer, thus there is an urgent need to strengthen enterprise internal organization management, make innovations as well as improve operating performances of insurance companies in our country. Improvement of international competitive forces of insurance companies under new competitive background is closely related to sustainable development of insurance companies in our country, thus operating performance levels of insurance companies are concentrated embodiment of comprehensive strength of insurance companies in our country, and this is also key factor for insurance companies to succeed in fierce competitions. Therefore, this paper makes an analysis of operating performance of insurance of insurance companies based on DEA model from the perspective of New Insurance Law. The latest revision of New Insurance Law is of great significance to organization of insurance companies, system construction as well as operating performance. From the perspective of insurance companies, there are both opportunities and challenges in the process of implementation of New Insurance Law in insurance companies. Therefore, New Insurance Law should make proper adjustments in the process of application in insurance companies. Therefore, this paper firstly makes an analysis of present situation of operating performance of insurance companies based on DEA model, and the purpose of this paper is to propose some suggestions for improvement of operating performance of insurance companies based on DEA model from the perspective of New Insurance Law.