Evaluating the performance trend of insurance companies' products using the data envelopment analysis method (case of study: fire, freight, aircraft, ship and engineering insurance fields)

Esmaeili, M.; Shahbazi, K.

doi:10.22056/ijir.2018.04.01

Document Type : Original Research Paper

Authors

M. Esmaeili ¹
K. Shahbazi ²

¹ Department of Economic Sciences, Urmia University Campus, West Azarbaijan, Iran

² Department of Economics, Faculty of Economics and Management, Urmia University, West Azarbaijan, Iran

https://doi.org/10.22056/ijir.2018.04.01

Abstract

Optimum efficiency is one of the important goals of companies active in the business market, and insurance companies are no exception. Therefore, in this study, we are trying to measure the performance of insurance products of insurance companies including fire, freight, aircraft, ship and engineering insurance fields using data coverage analysis, in three time periods of 2016, 2018 and 2019. The inputs of the data coverage analysis model include the average fee of the real agents of each field and the average administrative, general and personnel costs of the insurance fields and the outputs used in this study also include the premium produced by different insurance fields, the ratio of insurance company claims by insurance fields, the number The issued insurance policies are separated by insurance fields and the market share of an insurance company from each insurance field. The results of the research show that the percentage of non-performing insurance companies in the fields of fire and aircraft have been on the rise in the three periods in question. However, the percentage of inefficient companies in the fields of shipping and engineering has been decreasing and it shows the improvement of the efficiency of these fields during the period under review. Finally, the percentage of inefficiency of insurance companies in the field of freight is also high.

Keywords

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Iranian Journal of Insurance Research

Evaluating the performance trend of insurance companies' products using the data envelopment analysis method (case of study: fire, freight, aircraft, ship and engineering insurance fields)

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Volume 7, Issue 4 - Serial Number 26
October 2018
Pages 230-243

Evaluating the performance trend of insurance companies' products using the data envelopment analysis method (case of study: fire, freight, aircraft, ship and engineering insurance fields)

Letters to Editor

Send comment about this article

Volume 7, Issue 4 - Serial Number 26October 2018Pages 230-243

Volume 7, Issue 4 - Serial Number 26
October 2018
Pages 230-243