Efficiency of Indian Life Insurance Companies in The Aftermath of Economic Global Recession: A Data Envelopment Analysis

Authors

  • Siddhartha Sankar Saha Professor of Commerce, Department of Commerce, Director, CUCSE-CEFM & IQAC, University of Calcutta, Kolkata
  • Mitrendu Narayan Roy Assistant Professor of Commerce, Goenka College of Commerce and Business Administration (Under the University of Calcutta) &nGuest Faculty, Department of Commerce, University of Calcutta, Kolkata

DOI:

https://doi.org/10.33516/maj.v56i10.92-96p

Keywords:

No Keywords.

Abstract

The paper seeks to analyse the trend in efficiency of life insurance companies operating in India since economic global recession in 2007-08. The paper also makes an attempt to rank individual life insurance company based on their relative performances in the years following economic global recession. Hence, the study covers the period during 2008-09 to 2016-17. Life insurance companies operating during this period have been identified and Data Envelopment Analysis (DEA) technique is used to estimate their efficiency. In view of this, it is concluded that economic recession affected the sector as a whole, though some of the companies with large clientele still managed to uphold their performance during the turbulent time.

Downloads

Download data is not yet available.

Published

2021-10-31

How to Cite

Saha, S. S., & Roy, M. N. (2021). Efficiency of Indian Life Insurance Companies in The Aftermath of Economic Global Recession: A Data Envelopment Analysis. The Management Accountant Journal, 56(10), 92–96. https://doi.org/10.33516/maj.v56i10.92-96p

Issue

Section

Cover Story

References

Abidin, Z., & Cabanda, E. (2011), “Efficiency of Non-life Insurers in Indonesiaâ€, Journal of Economics, Business and Accountancy Ventura, Vol. 14, No. 3, December, pp. 197-202.

Berger, A., & Humphrey, D. (1997), “Efficiency of Financial Institutions: International Survey and Directions for Future Researchâ€, Finance and Economics Discussion Series, 1997-11, The Federal Reserve Board.

Bikker, J. & Leuvensteijn, M. (2008), “Competition and Efficiency in the Dutch Life Insurance Industryâ€, Journal of Applied Economics, Vol. 40, pp. 2063–2084.

Carson, C. & Ingves, S. (2000), “Macroprudential Indicators of financial Systemâ€, Occasional Paper No. 192, International Monetary Fund, Washington DC, April.

Chen, B., Powers, M., & Qiu, J. (2009), “Life Insurance Efficiency in China: A Comparison of Foreign and Domestic Firmsâ€, China and World Economy, Vol. 17, No. 6, pp. 43-63.

Cooper, W., Seiford, L., & Tone, K. (2007), Data Envelopment Analysis: A Comprehensive Text with Models, Applications, References and DEA-Solver Software (2nd Edition), Springer Science and Business Media, New York.

Cummins, J., Tennyson, S., & Weiss, M. (1999),“Consolidation and Efficiency in the US Life Insurance Industryâ€, Journal of Banking and Finance, Vol. 23, pp. 325-357

Diacon, S., Starkey, K. & O’Brien, C. (2002), “Size and Efficiency in European Long Term Insurance Companiesâ€, Centre for Risk and Insurance Studies, The University of Nottingham, Discussion Paper Series – 2002, VII, pp. 1-35.

Eling, M. & Luhnen, M. (2008), “Efficiency in the International Insurance Industry: A Cross Country Comparisonâ€, Journal of Banking and Finance, Vol. 34, No. 7, pp. 1497-1509.

Ennsfellner, K., Lewis, D., & Anderson, R. (2004), “Production Efficiency in the Austrian Insurance Industry: A Bayesian Examinationâ€, Journal of Risk and Insurance, Vol. 71, No. 1, pp. 135-159

Hsiao, S., Pai, T., Shih, M., & Su, S. (2011), “Cost Efficiency in the Life Insurance Industryâ€, Journal of Convergence Information Technology, Vol. 6, No. 3, March, pp. 120-131.

Insurance Regulatory Development Authority of India (IRDAI) (2017), Handbook on Indian Insurance Statistics 2016-17.

Saha, S. (2013), Indian Financial System and Markets, McGraw-Hill, New Delhi.

Sinha, R. & Chatterjee, B. (2011), “Technical Efficiency Behaviour of Life Insurance Companies: A Dynamic Panel Approachâ€, The Indian Economic Journal, Vol. 69, No. 1, April, pp. 146-160.

Sinha, R. (2012), “Technical Efficiency of Indian Life Insurance Companies – A Mathematical Programming Approachâ€, IIMS Journal of Management Science, Vol. 3, No. 2, December, pp. 1-12.

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.