Efficiency of National Life Insurance Markets in Europe
Efficiency of National Life Insurance Markets in Europe

Author(s): Eva Grmanová
Subject(s): Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: data envelopment analysis; efficiency; life insurance market;
Summary/Abstract: The European insurance market is expanding rapidly. Currently, is has a larger share of premiums written than North America or Asia. However, there are big differences between national insurance markets. The paper is aimed at assessing the efficiency of national life insurance markets in Europe by applying DEA models. DEA models are nonparametric methods for assessing the efficiency and which use linear programming. For each analysed subject the efficiency score is expressed, and this score is then used to compare the transformation of multiple inputs into multiple outputs.

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