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Efficiency of Microinsurance Providers
Type
industry project
Start Date
01 January 2009
End Date
31 December 2010
Status
completed
Keywords
Microinsurance
Efficiency
Data Envelopment Analysis
Description
The purpose of this research is to measure the performance of microinsurance
programs using data envelopment analysis and to derive implications
for the viable provision of microinsurance products. This is a worthwhile exercise
given the significant limitations of the existing performance measures
used in the microinsurance industry. A single and simple to interpret performance
measure can overcome these limitations and provide a sophisticated
tool for performance measurement within a multidimensional framework.
Moreover, this technique can incorporate the important social function that
microinsurers fulfill and provide powerful managerial implications. We illustrate
the capabilities of data envelopment analysis using a sample of 20 microinsurance
programs and recent innovations from the efficiency literature,
such as the bootstrapping of efficiency scores and a truncated regression
analysis of efficiency determinants.
programs using data envelopment analysis and to derive implications
for the viable provision of microinsurance products. This is a worthwhile exercise
given the significant limitations of the existing performance measures
used in the microinsurance industry. A single and simple to interpret performance
measure can overcome these limitations and provide a sophisticated
tool for performance measurement within a multidimensional framework.
Moreover, this technique can incorporate the important social function that
microinsurers fulfill and provide powerful managerial implications. We illustrate
the capabilities of data envelopment analysis using a sample of 20 microinsurance
programs and recent innovations from the efficiency literature,
such as the bootstrapping of efficiency scores and a truncated regression
analysis of efficiency determinants.
Leader contributor(s)
Biener, Christian
Partner(s)
CGAP Working Group on Microinsurance, Luxembourg
Funder(s)
Topic(s)
Microinsurance
Method(s)
Data Envelopment Analysis
Range
Institute/School
Range (De)
Institut/School
Division(s)
Eprints ID
206700