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A dynamic DEA model for Indian life insurance companies
Efficiency studies relating to the Indian life insurance companies have so far used static one-period data envelopment analysis (DEA) models for the purpose of comparison of performance. A major weakness of the static framework is that the efficiency results are not inter-temporally comparable. In o...
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| Format: | Article |
| Language: | English |
| Published: |
2015
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| Summary: | Efficiency studies relating to the Indian life insurance companies have so far used static one-period data envelopment analysis (DEA) models for the purpose of comparison of performance. A major weakness of the static framework is that the efficiency results are not inter-temporally comparable. In order to overcome this problem, the present study uses a dynamic slacks-based DEA model proposed by Tone and Tsutsui (2010) for performance evaluation of 15 in-sample life insurance companies for a seven-year period (2005-2006 to 2011-2012). The unique selling point (USP) of the present approach is that unlike the conventional static DEA models, the present framework, by using a link variable, connects the observed years and thereby creates a common benchmark. The results reveal significant fluctuations in mean technical efficiency over the period of observation. |
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| Physical Description: | 258 - 269 |