markets of the member states aiming at an increased efficiency of the European insurance markets. We analyze to which extent … changes in technical cost and profit efficiency levels since the liberalization, as well as a measurement of technological … change. Technical cost efficiency levels are estimated by applying a stochastic 'true' fixed effects distance frontier …

markets of the member states aiming at an increased efficiency of the European insurance markets. We analyze to which extent … changes in technical cost and profit efficiency levels since the liberalization, as well as a measurement of technological … change. Technical cost efficiency levels are estimated by applying a stochastic “true” fixed effects distance frontier …

Data envelopment analysis is used to calculate technical, allocative and cost efficiency indices for a sample of fifty … uses limited dependent variable regression techniques to relate efficiency scores to financial and non …-financial information. Cost efficiency appears to be closely related to asset size, the proportion of non-premium income, and participation …

test how risk management and financial intermediation activities create value for insurers by enhancing economic efficiency …. Insurer cost efficiency is measured relative to an econometric cost function. Since the prices of risk management and … cost efficiency. The econometric results show that both activities significantly increase the efficiency of the property …