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  4. The Determinants of Efficiency and Productivity in the Swiss Insurance Industry
 
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The Determinants of Efficiency and Productivity in the Swiss Insurance Industry

Journal
European Journal of Operational Research
ISSN
0377-2217
ISSN-Digital
1872-6860
Type
journal article
Date Issued
2016-01-16
Author(s)
Biener, Christian  
Eling, Martin  
Wirfs, Jan Hendrik  
DOI
10.1016/j.ejor.2015.07.055
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.
Language
English
Keywords
Data envelopment analysis
Two-stage double-bootstrap
Internationalization
OR in insurance
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam
Volume
248
Number
2
Start page
703
End page
714
Pages
12
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/104743
Subject(s)

business studies

Division(s)

I.VW - Institute of I...

Eprints ID
228599

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