Efficiency of Insurance Lines in the Slovak Republic
Efficiency of Insurance Lines in the Slovak Republic

Author(s): Eva Grmanová
Subject(s): Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: insurance; non-life insurance lines; life insurance lines; efficiency; data envelopment analysis;
Summary/Abstract: The study is focused on the efficiency of non-life insurance lines and life insurance lines of commercial insurance companies in the Slovak Republic in the times of global financial and economic crisis. It compares the efficiency scores of insurance lines on the Slovak insurance market. Data envelopment analysis (DEA) was used in order to reflect the efficiency scores. The following characteristics are taking into account in our analysis − premium, claims and administrative costs. The analysis will also review the differences in relative efficiency in different years and relative differences of specific subgroups of insurance lines.

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