Efficiency of Indian General Insurance Companies: A Convex Nonparametric Least Squares Approach

In the current millennium, the Indian general insurance market has witnessed major structural changes because of the establishment of a market regulator and the initiation of entry deregulation. The present study evaluates the efficiency performance of fifteen Indian general insurance companies for...

Full description

Saved in:
Bibliographic Details
Published in:Croatian Operational Research Review 2022-01, Vol.13 (2), p.187-201
Main Authors: Sinha, Ram Pratap, Cvetkoska, Violeta, Peovski, Filip
Format: Article
Language:English
Subjects:
Competition
convex nonparametric regression
Data envelopment analysis
Deregulation
Efficiency
Financial services
general insurance
Insurance
Insurance industry
International finance
Liability insurance
Liberalization
Life insurance companies
Nationalization
Nonparametric statistics
Private sector
Productivity
quantile regression
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In the current millennium, the Indian general insurance market has witnessed major structural changes because of the establishment of a market regulator and the initiation of entry deregulation. The present study evaluates the efficiency performance of fifteen Indian general insurance companies for the period 2011/12 - 2016/17 using a robust nonparametric approach. The study also seeks to explain efficiency by considering the influence of environmental variables on the efficiency scores. The results indicate that efficiency is positively related to ownership, insurer age, market share, and return on equity but negatively related to size.
ISSN:1848-9931
1848-0225
1848-9931
DOI:10.17535/crorr.2022.0014