- Tytuł:
- Structure of technical efficiency of insurers in the life insurance industry in Poland
- Autorzy:
-
Ortyński, Kazimierz
Wołoszyn, Jacek - Powiązania:
- https://bibliotekanauki.pl/articles/16729747.pdf
- Data publikacji:
- 2022
- Wydawca:
- Instytut Naukowo-Wydawniczy "SPATIUM"
- Tematy:
-
life insurance market
cost efficiency
profit efficiency
stochastic frontier analysis - Opis:
- The primary objective of the article was to examine the level and efficiency structure of insurance companies on life insurance market in Poland. The study presents critical analysis of the insurance literature relating to technical efficiency of insurers, i.e. methods of estimating efficiency, the form of the efficiency frontier model, the choice of production factors and insurance production. The study used the methods of mathematical and econometric modelling in SFA method. The results the technical efficiency study for 22 life insurance companies for a period between 2011-2020 using the SFA method, showed high average cost efficiency of insurers (0.9140) and lower profit efficiency (0. 8565). It was confirmed that a group of large companies achieved higher cost efficiency than the remaining companies, suggesting that large companies benefited from the scale of production. In contrast, higher average profit efficiency was recorded for the remaining companies.
- Źródło:
-
Central European Review of Economics & Finance; 2022, 39, 4; 24-38
2082-8500
2083-4314 - Pojawia się w:
- Central European Review of Economics & Finance
- Dostawca treści:
- Biblioteka Nauki
Artykuł