The Determinants of Efficiency and Productivity in the Swiss Insurance Industry

Item Type Journal paper
Abstract

Using state-of-the-art frontier efficiency methodologies, we study the efficiency and productivity of Swiss insurance companies in the life, property/casualty, and reinsurance sectors from 1997-2013. In this context, we provide the first empirical analysis of internationalization strategies of insurance companies, a topic of high interest in the business and economics literature, but one that has to date not been the focus of efficiency studies in the insurance sector. We find that productivity and efficiency have improved with regard to property/casualty and reinsurance. In the case of life insurance, productivity and efficiency diminished; however, life insurance firms with higher levels of international business exhibit superior efficiency levels. We observe that diversification strategies directed to the European market are more beneficial compared to those targeting markets outside of Europe.

Authors Biener, Christian; Eling, Martin & Wirfs, Jan Hendrik
Journal or Publication Title European Journal of Operational Research
Language English
Keywords Data envelopment analysis; Two-stage double-bootstrap; Internationalization; OR in insurance
Subjects business studies
HSG Classification contribution to scientific community
Refereed Yes
Date 16 January 2016
Publisher Elsevier
Place of Publication Amsterdam
Volume 248
Number 2
Page Range 703-714
Number of Pages 12
ISSN 0377-2217
ISSN-Digital 1872-6860
Publisher DOI 10.1016/j.ejor.2015.07.055
Depositing User PD Dr. Christian Biener
Date Deposited 14 Jan 2014 21:25
Last Modified 30 Oct 2018 17:20
URI: https://www.alexandria.unisg.ch/publications/228599

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Citation

Biener, Christian; Eling, Martin & Wirfs, Jan Hendrik (2016) The Determinants of Efficiency and Productivity in the Swiss Insurance Industry. European Journal of Operational Research, 248 (2). 703-714. ISSN 0377-2217

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https://www.alexandria.unisg.ch/id/eprint/228599
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