Efficiency and Productivity in the Insurance Industry Using Frontier Methodologies
摘要
This chapter reviews the research on efficiency and productivity in the insurance industry utilizing frontier methodologies that have been published from 2012 to 2022. Forty-six empirical papers are surveyed. In these analyses, econometric and nonparametric approaches have been used to estimate frontiers, with data envelopment analysis (DEA) being the most frequently utilized method. The reviewed papers have been grouped into 12 different application areas where the main analyzed issues and/or tested hypotheses, as well as the principal findings, have been discussed.