Productive performance of the french insurance industry
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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|Date of creation:||01 Jan 1991|
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- 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 211-19, May.
- C D O'Brien, 1991. "Measuring the Output of Life Assurance Companies*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 16(2), pages 207-235, April.
- Elizabeth Kremp & Jacques Mairesse, 1992.
"Dispersion and Heterogeneity of Firm Performances in Nine French Service Industries, 1984-1987,"
in: Output Measurement in the Service Sectors, pages 461-489
National Bureau of Economic Research, Inc.
- Elizabeth Kremp & Jacques Mairesse, 1991. "Dispersion and Heterogeneity of Firm Performances in Nine French Service Industries, 1984-1987," NBER Working Papers 3665, National Bureau of Economic Research, Inc.
- Schmidt, Peter & Sickles, Robin C, 1984. "Production Frontiers and Panel Data," Journal of Business & Economic Statistics, American Statistical Association, vol. 2(4), pages 367-74, October.
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