Efficiency Analysis of Non-life Insurance in Indonesia
نویسندگان
چکیده
This paper evaluates the relative efficiency of 23 Non Life Insurance companies in Indonesia, using Data Envelopment Analysis (DEA) model. DEA is a management evaluation tool that assists in identifying the most efficient and inefficient decisionmaking units (DMUs) in the best practice frontier. Empirical results show that bigger insurance companies are found to be efficient than smaller firms. Moreover, companies with captive market and the company's group with non-captive market have relatively the same result. These findings are new empirical contributions to efficiency literature of the insurance industry. The paper also provides policy implications for the Indonesian insurance sector.
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