Analysing Efficiency of Insurers in Federation of Bosnia and Herzegovina
Maja Pervan, Tomislava Pavic Kramaric
Available Online 14 December 2020.
- https://doi.org/10.2991/aebmr.k.201211.057How to use a DOI?
- Efficiency, data envelopment analysis, insurance companies, Federation of Bosnia and Herzegovina
- The main goal of this paper is to estimate the overall and pure technical efficiency as well as returns to scale of insurance companies that operated in 2018 in Federation of Bosnia and Herzegovina while using the input-oriented data envelopment analysis - DEA. The authors employ two input variables including total equity capital and technical provisions as well as one output variable expressed in terms of gross written premium. The obtained results show that higher level of overall technical efficiency is achieved in life insurance segment (86.26%) then in non-life insurance segment (66.13%). The same is true for the pure technical efficiency with values of 89.56% and 84.44% for the life and non-life segment, respectively. Finally, most of the (non)life insurers operate at their sub-optimal scale size.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Maja Pervan AU - Tomislava Pavic Kramaric PY - 2020 DA - 2020/12/14 TI - Analysing Efficiency of Insurers in Federation of Bosnia and Herzegovina BT - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020) PB - Atlantis Press SP - 345 EP - 349 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201211.057 DO - https://doi.org/10.2991/aebmr.k.201211.057 ID - Pervan2020 ER -