Productive performance of the French insurance industry

Efficiency in the international insurance industry: A cross-country comparison

“…This is because the nonparametric DEA measures all departures from the frontier as inefficiency, whereas the parametric SFA allows for a random error term (see Cummins and Weiss, 2000). However, like other studies employing both DEA and SFA (see, e.g., Fecher et al, 1993), the implications that can be drawn from our SFA results are generally consistent with those that can be drawn from the DEA results. Average technical efficiency in life insurance (0.84) is again higher than in non-life insurance (0.81), although the difference is smaller compared to DEA.…”

Efficiency decomposition in two-stage data envelopment analysis: An application to non-life insurance companies in Taiwan

“…There are several studies which use the DEA technique to measure the managerial performance of this industry (Fecher et al, 1993;Noulas et al, 2001). Notably, the profit is not earned from insurance services alone.…”

The effect of organizational structure on efficiency: Evidence from the Spanish insurance industry

“…Our study extends Fecher et al (1993) and Fukuyama (1997) by analyzing cost and revenue efficiency as well as technical efficiency, measuring the efficiency of stocks and mutuals relative to the other group's production and cost frontiers (cross-frontier analysis), and explicitly testing the efficient structure and expense preference hypotheses. This paper utilizes the same methodology as CWZ (1999) but extends CWZ (1999) in analyzing a different national insurance market and estimating revenue efficiency as well as technical and cost efficiency.…”

“…Organizational form in the insurance industry has been analyzed using frontier efficiency methods by Fecher et al (1993) (French life and non-life insurers), Gardner and Grace (1993) (US life insurers), Fukuyama (1997) (Japanese life insurers), Cummins and Zi (1998) (US life insurers), and (US non-life insurers). The first four of these studies do not find significant efficiency differences between stocks and mutuals, consistent with the efficient structure hypothesis.…”