Structure of Technical Efficiency of Insurers in the Life Insurance Industry in Poland

• Autorzy: Kazimierz Ortyński , Jacek Wołoszyn
• Języki publikacji: EN

Abstrakty

EN

The primary objective of the article was to examine the level and efficiency structure of insurance companies on life insurance market in Poland.The study presents critical analysis of the insurance literature relating to technical efficiency of insurers, i.e. methods of estimating efficiency, the form of the efficiency frontier model, the choice of production factors and insurance production.The study used the methods of mathematical and econometric modelling in SFA method.The results the technical efficiency study for 22 life insurance companies for a period between 2011-2020 using the SFA method, showed high average cost efficiency of insurers (0.9140) and lower profit efficiency (0. 8565). It was confirmed that a group of large companies achieved higher cost efficiency than the remaining companies, suggesting that large companies benefited from the scale of production. In contrast,higher average profit efficiency wasrecorded for the remaining companies.(original abstract)

Słowa kluczowe

EN

Insurance consulting; Life insurance; Cost effectiveness; Insurance market

PL

Doradztwo ubezpieczeniowe; Ubezpieczenia na życie; Efektywność kosztowa; Rynek ubezpieczeniowy

• Czasopismo: Central European Review of Economics & Finance
• Rocznik: 2022
• Numer: Vol. 39, No 4
• Strony: 24--38

Twórcy

autor

Kazimierz Ortyński

• Kazimierz Pulaski University of Technology and Humanities in Radom Faculty, Poland

autor

Jacek Wołoszyn

• Kazimierz Pulaski University of Technology and Humanities in Radom Faculty, Poland

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Identyfikatory

DOI

10.24136/ceref.2022.015