Efficiency and Productivity Analyses of General Insurance Firms in India
Author | : Joy Chakraborty |
Publisher | : |
Total Pages | : |
Release | : 2018 |
ISBN-10 | : OCLC:1304329207 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Efficiency and Productivity Analyses of General Insurance Firms in India written by Joy Chakraborty and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study compares 12 general insurance companies in India in respect of technical and scale efficiencies, in addition to their Total Factor Productivity (TFP) scores, in a two output-two input framework for the period 2006-07 to 2015-16 using the non-parametric Data Envelopment Analysis (DEA) and Malmquist TFP index. The results revealed that the observed public sector general insurers exhibited higher mean technical efficiency and scale efficiency scores than the sampled private sector general insurers, when 'net premiums earned' and 'income from investments' were considered as output indicators covering all the years of the study period, both under the assumptions of constant returns to scale and variable returns to scale. But a comparison of the TFP scores reflected a marginally higher mean TFP growth rate in favor of the observed private sector general insurers than their public sector counterparts, in respect of both the output indicators over the study period.