The aim of this work is to investigate the drivers of productivity evolution in the European life insurance industry in … develop a generalized Malmquist efficiency decomposition to gauge the relative importance of two sources of productivity … best-in-class insurers. We find that productivity increased on an annual basis by 6.71 per cent; the increase has been …

The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro … levels. They focus primarily on papers written about Canada, but also draw on selected studies from other countries …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors …