Evaluation of Technical Efficiency of Insurance Companies in the Visegrad Group Countries

@article{44587,
   author = {Přečková, Lenka and Palečková, Iveta},
   article_location = {Poland},
   article_number = {6},
   keywords = {insurance sector; technical efficiency; DEA; Visegrad Group countries},
   language = {eng},
   issn = {2299-6184},
   journal = {Ekonomista},
   title = {Evaluation of Technical Efficiency of Insurance Companies in the Visegrad Group Countries},
   volume = {2020},
   year = {2020}
}

TY  - JOUR
ID  - 44587
AU  - Přečková, Lenka - Palečková, Iveta
PY  - 2020
TI  - Evaluation of Technical Efficiency of Insurance Companies in the Visegrad Group Countries
JF  - Ekonomista
VL  - 2020
IS  - 6
SP  - 862-880
EP  - 862-880
SN  - 22996184
KW  - insurance sector
KW  - technical efficiency
KW  - DEA
KW  - Visegrad Group countries
N2  - The aim of the paper is to estimate the technical efficiency of insurance providers in the Visegrad Group countries in the period 2009–2016 using data envelopment analysis (DEA). The insurance sector in these countries underwent significant changes in the analysed period. during the last two decades. According to the results of the analysis, the average efficiency of insurance companies was approximately 65–80% in the period under study. There were, however, considerable differences among individual insurance companies as well as among the national insurance sectors. The most efficient insurance sectors were those of Hungary and Poland, and the least efficient that of Slovakia. The overall development of efficiency was almost stable, and efficiency decreased in 2012 and 2014. The reason for the inefficiency fall was the decrease in number of premiums written and net income and the high level of costs.
ER  - 

PŘEČKOVÁ, Lenka and Iveta PALEČKOVÁ. Evaluation of Technical Efficiency of Insurance Companies in the Visegrad Group Countries. \textit{Ekonomista}. Poland, 2020, vol.~2020, No~6, p.~862-880. ISSN~2299-6184.