An Efficiency Analysis of Injury Insurance in Taiwan -An Application of Malmquist Productivity Index
Date Issued
2010
Date
2010
Author(s)
Chen, Yu-Hsuan
Abstract
The amount of demand for property insurances in Taiwan has been reducing since 2005 and this also means the market of the property insurances is in the growth recession.
Except the unexpected increasing insurance claims for the catastrophes, that the income from the premiums can’t rise and the insurance claim can’t decline both influence the growth of the property insurance market in Taiwan seriously. Therefore, all the property insurance companies in Taiwan have to realize their own superiority and inferiority to adjust their companies to a better way to develop better.
In the past, most studies about the property insurance companies in Taiwan had a focus on the assessment of the company efficiency. However, the study focuses on the operation of a single insurance – The Injury Insurance. It not only collects all the information and material for the operation of the injury insurance from 2005 to 2008 in Taiwan but also use Banker, Charnes, and Cooper (1984) of the BCC model and Fare et al (1992) Malmquist productivity index to measure the efficiency variation between the premiums and the claims as well as the injury risk management. The results showed: First, In Taiwan, the operation risk of the injury insurance is different in various insurance companies. The manipulation of investment and resources in the insurance industry still need improving. Especially, the operation of the injury insurance should be extended in order to reach a higher investment return rate. Second, the achievement of the injury insurance is a positive trend; it shows there is still a lot of space for the growth of the injury insurance. Last, each of the insurance companies has to realize its characters and makes a beneficial strategy to raise the superiority of the company.
Subjects
Injury insurance
Property insurance
Malmquist productivity index
BCC model
Type
thesis
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ntu-99-P96627012-1.pdf
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