Indian Journal of Economics and Development

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Evaluating the Efficiency of Leading Indian Life Insurance Companies


Affiliations
1 Joseph School of Business Studies & Commerce, Sam Higginbottom University of Agriculture, Technology and Sciences, Allahabad, India
 

Objectives: This study is to assess efficiency of leading Indian life insurers using data envelopment analysis (DEA).

Methods/Statistical analysis: This study aims to analyze the efficiency performance of top ten Indian life insurers from 2012-2013 to 2016-2017 using data envelopment analysis based on secondary data collected from Insurance Regulatory and Development Authority Annual Reports.

Findings: Findings indicate that the state life insurer i.e. Life Insurance Corporation (LIC) has been efficient throughout the study period. Private life insurers are comparatively new in life insurance sector and are of different sizes therefore exhibited variations in their performance levels. Some private life insurers operated efficiently during the study period.

Application/Improvements: The study brings into light the operating characteristics and efficiencies of the Indian life insurers during the period 2013-2017 and therefore holds important insights for policy makers, practitioners and the decision makers.


Keywords

Non-Parametric Analysis, Data Envelopment Analysis, Efficiency Analysis, Life Insurers, India.
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  • Evaluating the Efficiency of Leading Indian Life Insurance Companies

Abstract Views: 228  |  PDF Views: 114

Authors

Shoaib Alam Siddiqui
Joseph School of Business Studies & Commerce, Sam Higginbottom University of Agriculture, Technology and Sciences, Allahabad, India
Stephen Das
Joseph School of Business Studies & Commerce, Sam Higginbottom University of Agriculture, Technology and Sciences, Allahabad, India

Abstract


Objectives: This study is to assess efficiency of leading Indian life insurers using data envelopment analysis (DEA).

Methods/Statistical analysis: This study aims to analyze the efficiency performance of top ten Indian life insurers from 2012-2013 to 2016-2017 using data envelopment analysis based on secondary data collected from Insurance Regulatory and Development Authority Annual Reports.

Findings: Findings indicate that the state life insurer i.e. Life Insurance Corporation (LIC) has been efficient throughout the study period. Private life insurers are comparatively new in life insurance sector and are of different sizes therefore exhibited variations in their performance levels. Some private life insurers operated efficiently during the study period.

Application/Improvements: The study brings into light the operating characteristics and efficiencies of the Indian life insurers during the period 2013-2017 and therefore holds important insights for policy makers, practitioners and the decision makers.


Keywords


Non-Parametric Analysis, Data Envelopment Analysis, Efficiency Analysis, Life Insurers, India.

References