 The determinants of efficiency and productivity in the Swiss insurance industryChristian Biener, Martin Eling and Jan Wirfs European Journal of Operational Research, 2016, vol. 248, issue 2, 703-714 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. Keywords: Data envelopment analysis; Two-stage double-bootstrap; Internationalization; OR in insurance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:248:y:2016:i:2:p:703-714 DOI: 10.1016/j.ejor.2015.07.055 Access Statistics for this article European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati More articles in European Journal of Operational Research from Elsevier |
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