Performance Measure of Indian General Insurance Companies Using DEA and Super Efficiency Model
Performance Measure of Indian General Insurance Companies Using DEA and Super Efficiency Model

Summary/Abstract: This paper investigates the efficiency of the general insurance companies operating in India during the period 2011 to 2017. Data Envelope Analysis has been applied to estimate the efficiency of these insurance companies using publicly available financial data of different parameters related to their financial health. The value-added approach has been used which is the most appropriate method for studying insurance efficiency (Cummins et al., 1999). The value-added approach is closely related to the traditional measure of financial performance. The efficiency of each company in comparison with other companies of the insurance sector is estimated. The Super Efficiency Model has been applied to measure the most efficient company over a certain time horizon among all the companies. Efficiency score derived using the DEA contributes significant information towards identifying the scope for improvement

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