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determine the efficiency of the non-life sector and the insurers using Data Envelopment Analysis (DEA). The empirical research … the overall efficiency. For the purpose, appropriate statistical test is applied. The study is based on secondary data … showed that in terms of technical and pure technical efficiency, the overall result of the public sector surpasses that of …
Persistent link: https://www.econbiz.de/10012968240
This paper provides a closed-form Value-at-Risk (VaR) for the net exposure of an annuity provider, taking into account both mortality and interest-rate risk, on both assets and liabilities. It builds a classical risk-return frontier and shows that hedging strategies -- such as the transfer of...
Persistent link: https://www.econbiz.de/10013046884
profit efficiency are estimated using a stochastic frontier analysis and including several firm‐specific factors to overcome …
Persistent link: https://www.econbiz.de/10013146249
deregulation and the succeeding changes on efficiency of the Japanese life insurance industry using a Stochastic Input Distance … efficiency difference between mutual and stock life insurers has been getting larger since deregulation. Third, there is not much … difference of efficiency between foreign insurers and domestic insurers. We also find that efficiency of life insurers has …
Persistent link: https://www.econbiz.de/10013147511
This paper investigates the cost efficiency and competitive behaviour of the non-life - or property and casualty …-health LOB non-life insurance, we find similar significant effects of efficiency on both market shares. The non-life effects are …
Persistent link: https://www.econbiz.de/10011004568
)Efficiency and equity are the two aspects of pension system ,and the aging problem,labor productivity,ma- croeconomic environment …,et al. will affect the relationship between efficiency and equity.(2)Parameter adjusting and Structure reforming is a good … important ,but also the efficiency,the disequilibrium of capital market and labor market can be improved through pension …
Persistent link: https://www.econbiz.de/10011261082
La situación actual del sector del seguro del automóvil exige a las compañías aseguradoras diseñar productos cada vez más ajustados al tipo de cliente al que se dirige. En el presente trabajo analizamos los 80.000 registros ofrecidos por una entidad aseguradora con una importante cuota en...
Persistent link: https://www.econbiz.de/10005244983
Corporate finance theory predicts that firms' characteristics affect agency costs and hence their efficiency. Cummins … et al. (2006) have proposed a cost function specification that measures separately insurer efficiency in handling risk …. Independent agents and high capitalization reduce the cost efficiency of risk pooling. Certain characteristics such as being a …
Persistent link: https://www.econbiz.de/10005015328
In order to form a prosperous national social protection system we must know its evolution. Obviously, to elaborate an efficient policy on the development of the social protection system an important role lies in the practice study accumulated in the past. In the article the author reflects on...
Persistent link: https://www.econbiz.de/10010814400
The paper aims to examine the revenue efficiency of Nepalese life insurance companies based on their periods of … operation. Secondary data have been used in order to observe the revenue efficiency of companies during five-year period from … of business operation have better efficiency in terms of GPAC and GPOE ratios while companies with shorter period of …
Persistent link: https://www.econbiz.de/10012996512