Efficiency of Indian Life Insurance Companies-A Cluster Based Approach

Ram Pratap Sinha () and Alireza Aliteimoori
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Ram Pratap Sinha: Government College of Engineering and Leather Technology
Alireza Aliteimoori: Istinye University

A chapter in Advances in the Theory and Practice of Data Envelopment Analysis, 2025, pp 310-322 from Springer

Abstract: Abstract The extant DEA estimation of efficiency presupposes the existence of a monotone strictly convex production function. The presence of increasing or decreasing returns to scale are two cases of scale inefficiency where the firm are producing at sub-optimal scales. The convex DEA framework is, however, in conflict with the S-shaped production function introduced by Ragnar Frisch. The present study provides an empirical investigation of life insurer efficiency using the cluster-based approach introduced by Tone and Tsutsui. The present study thus estimates and explains the cluster adjusted efficiency scores of Indian life insurers.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-3-031-98177-7_21

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DOI: 10.1007/978-3-031-98177-7_21

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