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The purpose of this study is to measure technical efficiency and economies of scale and scope in the German insurance … industry. These are important aspects of the competitiveness of the German insurance companies in the light of the … liberalization and opening of the insurance markets in the European Union. With the aid of the Data Envelopment Analysis an …
Persistent link: https://www.econbiz.de/10013111192
This paper investigates economies of scope in the US insurance industry over the period 1993-2006. We test the … firms to diversify by offering both life-health and property-liability insurance or to specialize in one major industry … realize both cost and revenue scope diseconomies. Hence, strategic focus is superior to conglomeration in the insurance …
Persistent link: https://www.econbiz.de/10013070065
Since the late 1990s, the European higher education system has had to face deep structural changes. With the public authorities seeking to create an environment of quasi-markets in the higher education sector, the increased competition induced by recent reforms has pushed all publicly financed...
Persistent link: https://www.econbiz.de/10009419390
We estimate economies of scale and scope as well as cost efficiency to explain the structure of the global reinsurance market, where large reinsurers dominate, but both diversified and specialized reinsurers play important roles. The costs and benefits of size and product diversification play...
Persistent link: https://www.econbiz.de/10013000435
study aims to empirically investigate the input efficiency of banking and insurance sectors with further probe into Islamic … and insurance firms in our sample using the non-parametric frontier method, data envelopment analysis (DEA). The findings … period of study and has also remained well above their conventional counterparts. The study also revealed that, insurance …
Persistent link: https://www.econbiz.de/10012960867
are growing rapidly in Muslim-dominated countries where insurance density and insurance penetration are low …
Persistent link: https://www.econbiz.de/10013005327
Persistent link: https://www.econbiz.de/10001365827
We analyze how pandemic business interruption coverage can be put in place by building on capitalization mechanisms. The pandemic risk cannot be mutualized since it affects simultaneously a large number of businesses, and furthermore, it has a systemic nature because it goes along with a severe...
Persistent link: https://www.econbiz.de/10012387545
In measuring its Operational Risk VaR, a bank needs to pay attention when including external data in its internal loss collection. In principle, these data should be scaled consistently to the specific nature of the bank's risk, but this is not done by the majority of institutions with advanced...
Persistent link: https://www.econbiz.de/10013062027
economies of the property-liability insurance industry in China. We make use of the data of all insurers in China between 2012 … and 2014 and use the insurance claims and premium to measure the output of the industry. The result of the model reveals … that when measuring insurance claims as output, all insurers exhibit economies of scale, except for the result of large …
Persistent link: https://www.econbiz.de/10012978308