integration between insurers and hospitals, we develop a model of bargaining and competition. Integrated firms have incentives to …

insurance. We employ the Data Envelopment Analysis (DEA) to compute the efficiency of Takaful operators, while Panzar-Rosse (P …-R) H-statistic method is used to evaluate the degree of competition. The findings indicate that the inefficiency in Takaful … insurance. Additionally, the managers are cautioned not to overspend on commissions paid to the agents because this will reduce …

In long-term private health insurance contracts, aging provisions are used to flatten premium profiles. An individual …