Analýza efektívnosti slovenských a českých poisťovní pomocou modelov analýzy obalu dát
Analysis of Efficiency of Slovak and Czech Insurance Companies by Data Envelopment Analysis Models

Summary/Abstract: The aim of the paper is comparison of efficiency of Slovak and Czech com-mercial composite insurance companies by data envelopment analysis (DEA) models. DEA models are non-parametric techniques for evaluation of efficiency and performance of the set of homogenous units based on solving of linear programming problems. The basic idea of DEA models consists in estimation of an efficient frontier that defines production possibility set of the problem. The efficient frontier is estimated from the data set that contains the most important characteristics influencing the efficiency of the units. The units lying on the frontier are considered as efficient and the remaining ones as inefficient. Their efficiency score is measured as a distance from the efficient frontier. The following characteristics are taking into account in our analysis: premium income, other income, insurance claims, operating expenses.

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