Integration and convergence in efficiency and technology gap of European life insurance markets

Abstract This paper applies the meta-frontier Data Envelopment Analysis and main concepts of convergence from economic growth literature (?-convergence ?-convergence) to analyze integration both in efficiency technology gap European Union (EU) insurance markets. We evaluate 10 EU life markets over 17-year-period 1998–2014. Results show cost/revenue among major during sample period. These findings indicate that least efficient countries 1998 have shown a higher improvement than most same year as well dispersion mean scores decreased also find these markets, suggesting they become more technologically homogeneous However, results global financial crisis has led slowdown progress terms cost but not revenue efficiency.