The Efficiency Analysis of Non-life Insurance Companies Active in Turkey

Semra Turkan, Esra Polat and Suleyman Gunay
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Semra Turkan: Hacettepe University, Faculty of Science, Department of Statistics, Ankara, Turkey
Esra Polat: Hacettepe University, Faculty of Science, Department of Statistics, Ankara, Turkey
Suleyman Gunay: Hacettepe University, Faculty of Science, Department of Statistics, Ankara, Turkey

Zagreb International Review of Economics and Business, 2012, vol. 15, issue 2, 1-14

Abstract: This paper evaluates the technical efficiencies of non-life insurance companies, which are active in Turkey in 2007, using Data Envelopment Analysis (DEA). DEA, which is a nonparametric method, facilitates to examine different input-output components. DEA is a management evaluation tool that assists in identifying the most effi cient and inefficient decision making units (DMUs) in the best practice frontier. In this study, as inputs of 23 non-life insurance companies, the number of agents, the number of brokers, fi xed assets, shareholders’ equity and as outputs the investment incomes, premiums received are used. Empirical results of BCC and CCR models, which are DEA models, show that the most efficient insurance company is RAY.

Keywords: Banker-Charnes-Cooper(BCC); Charnes-Cooper-Rhodes(CCR); Data Envelopment Analysis (DEA); Efficiency; Insurance (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2012
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