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Productive performance of the french insurance industry

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  • FECHER, F.
  • KESSLER, D.
  • PERELMAN, S.
  • PESTIEAU, P.

Abstract

The purpose of this paper is to provide for both life and non-life insurance an assessment of the relative productive performance of French companies. We use parametric and nonparametric approaches to construct a frontier to be used as a yardstick of productive efficiency. Our data basis covers 84 life and 243 non-life companies for the period 1984–1989. The main findings show a high correlation between parametric and nonparametric results and a wide dispersion in the rates of inefficiency across companies. This dispersion can be reduced when controlling for variations in scale, ownership, distribution, reinsurance, and claims ratios. Copyright Kluwer Academic Publishers 1993
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Suggested Citation

  • Fecher, F. & Kessler, D. & Perelman, S. & Pestieau, P., 1991. "Productive performance of the french insurance industry," LIDAM Discussion Papers CORE 1991025, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:1991025
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    References listed on IDEAS

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    1. Battese, George E. & Coelli, Tim J., 1988. "Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data," Journal of Econometrics, Elsevier, vol. 38(3), pages 387-399, July.
    2. Schmidt, Peter & Sickles, Robin C, 1984. "Production Frontiers and Panel Data," Journal of Business & Economic Statistics, American Statistical Association, vol. 2(4), pages 367-374, October.
    3. Elizabeth Kremp & Jacques Mairesse, 1992. "Dispersion and Heterogeneity of Firm Performances in Nine French Service Industries, 1984-1987," NBER Chapters, in: Output Measurement in the Service Sectors, pages 461-489, National Bureau of Economic Research, Inc.
    4. Hirshhorn, Ron & Geehan, Randall, 1977. "Measuring the Real Output of the Life Insurance Industry," The Review of Economics and Statistics, MIT Press, vol. 59(2), pages 211-219, May.
    5. Jondrow, James & Knox Lovell, C. A. & Materov, Ivan S. & Schmidt, Peter, 1982. "On the estimation of technical inefficiency in the stochastic frontier production function model," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 233-238, August.
    6. Pestieau, P. & Tulkens, H., 1990. "Assessing the performance of the public sector activities: some recent evidence from the productive efficiency viewpoint," LIDAM Discussion Papers CORE 1990060, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. C D O'Brien, 1991. "Measuring the Output of Life Assurance Companies*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 16(2), pages 207-235, April.
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