The Estimation of Efficiency for Life Insurance Industry: The Case in Taiwan

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Title:	The Estimation of Efficiency for Life Insurance Industry: The Case in Taiwan
Authors:	郝充仁;Hao, James C.J.;周林毅;Chou, Lin-yhi
Contributors:	淡江大學保險學系
Keywords:	Life insurance industry;X-efficiency, Economies of scale;Diversification of product strategy;Market power theory
Date:	2005-10
Issue Date:	2011-10-15 13:26:01 (UTC+8)
Publisher:	Elsevier
Abstract:	Using 23 years of data, (1977–1999), we estimate the translog cost function for 26 life insurance companies. We employ the distribution free approach (DFA) and Battese and Coelli (DFP) model to estimate inefficiency. We then test the constants or residuals to see if they are related to the so-called X-efficiencies, because of market share, diversification of product strategy, scale efficiency, and market growth ratio. Results show that the efficiency relates to the occurrence of market share, diversification products strategy, and scale efficiency.
Relation:	Journal of Asian Economics 16(5), pp.847-860
DOI:	10.1016/j.asieco.2005.08.004
Appears in Collections:	[Graduate Institute & Department of Insurance Insurance] Journal Article

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