Efficiency of insurance companies in the Czech Republic and Poland
Bibliographic Data
| ID | 19484303 |
|---|---|
| Authors | Eva Grmanová (0000-0003-2269-1677, Trencianska Univerzita Alexandra Dubceka V Trencine), Ryszard Pukala (0000-0002-2943-8482, State University of Applied Sciences in Jaroslaw) |
| Year | 2018 |
| Volume | 9 |
| Issue | 1 |
| Pages | 71-85 |
| Publication date | 2018-03-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Oeconomia Copernicana (JOURNAL) |
| Journal identifiers | ISSN: 2083-1277 • E-ISSN: 2353-1827 |
| Publisher | Instytut Badan Gospodarczych / Institute of Economic Research (PUBLISHER) |
| DOI | 10.24136/oc.2018.004 |
| OpenAlex | W2797419437 |
| Language | EN |
| Citations received | 1 |
| References cited | 3 |
Research background: The insurance market is an important part of the financial system. The international concept of insurance operations brings certainty and helps to balance the economic results. Purpose of the article: The aim of the paper is to compare the efficiency of life insurance of commercial insurance companies in the Czech Republic and Poland using the Data Envelopment Analysis model (DEA). Methods: The methods used in the paper are descriptive statistics, DEA model and Tobit regression model. DEA models are nonparametric quantitative models for efficiency assessment. They use linear programming to transform multiple inputs into multiple outputs. The efficiency of the subjects analyzed is assessed based on the efficiency scores. Findings & Value added: The subject of our analysis was 17 commercial insurance companies in the Czech Republic and 26 commercial insurance companies in Poland. Ten insurance companies were efficient on the common Czech-Polish insurance market. The share of efficient insurance companies was approximately equal. The arithmetic mean of the efficiency scores was higher in Poland than in the Czech Republic. The variability of the efficiency scores of Czech insurance companies was greater than the variability of the efficiency scores of Polish insurance companies. The correlations with efficiency score as the dependent variable and with market share as the independent variable of Tobit regression were very low
Actuarial science · Business · Czech · Data envelopment analysis · Econometrics · Economics · Nonparametric statistics · Regression analysis · Statistics · Tobit model · Efficiency Analysis Using DEA · Insurance and Financial Risk Management · Insurance, Mortality, Demography, Risk Management · Mathematics
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |