Evaluating the Efficiency and Productivity of Insurance Companies with a Malmquist Index: A Case Study for Portugal

Carlos Barros, Nazaré Barroso and Maria Borges ()
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Nazaré Barroso: Instituto Superior de Economia e Gestão, Technical University of Lisbon, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal.

The Geneva Papers on Risk and Insurance - Issues and Practice, 2005, vol. 30, issue 2, 244-267

Abstract: This paper estimates changes in total productivity, breaking this down into technically efficient change and technological change by means of data envelopment analysis applied to a representative sample of insurance companies operating in the Portuguese market. The aim of this procedure is to seek out those best practices that will lead to improved performance in the market. We rank the companies according to their change in total productivity for the period 1995–2001, concluding that some companies experienced productivity growth while others experienced a decrease in productivity. The implications arising from the study are considered in terms of managerial policy. The Geneva Papers (2005) 30, 244–267. doi:10.1057/palgrave.gpp.2510029

Date: 2005
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