J 2020

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

PŘEČKOVÁ, Lenka and Iveta PALEČKOVÁ

Basic information

Original name

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

Name in Czech

Odhad technické efektivnosti pojišťoven v zemích Visegrádské čtyřky

Authors

PŘEČKOVÁ, Lenka (203 Czech Republic, guarantor, belonging to the institution) and Iveta PALEČKOVÁ (203 Czech Republic, belonging to the institution)

Edition

Ekonomista, Poland, 2020, 2299-6184

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50206 Finance

Country of publisher

Poland

Confidentiality degree

není předmětem státního či obchodního tajemství

RIV identification code

RIV/47813059:19520/20:A0000119

Organization unit

School of Business Administration in Karvina

UT WoS

000604275800004

Keywords (in Czech)

pojišťovací sektor; technická efektivnost; DEA; země Visegrádské skupiny

Keywords in English

insurance sector; technical efficiency; DEA; Visegrad Group countries

Tags

International impact, Reviewed

Links

GA16-17796S, research and development project.
Změněno: 24/1/2021 09:26, doc. Ing. Iveta Palečková, Ph.D.

Abstract

V originále

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.