Title
Insurance Company Efficiency Analysis Through Data Envelopment Analysis (DEA) During COVID-19 Pandemic
Document Type
Book Chapter
Keywords
data envelopment analysis (DEA); insurance regulatory information system (IRIS) ratios; relative efficiency; property and casualty insurance; COVID-19; financial efficiency
Identifier Data
https://doi.org/10.1108/S0276-897620220000021001
Publisher
Emerald Publishing Limited
Publication Source
Applications of Management Science, Vol. 21
Rights Management
Copyright © 2022 by Emerald Publishing Limited
Abstract
In this chapter, we applied Data Envelopment Analysis (DEA) to a group of property and casualty insurance companies' data from 2018 to 2020. The calculated relative efficiencies were compared with selected traditionally used financial measures. We conclude that DEA and its relative efficiency calculation provide a consistent measure with selected IRIS ratios. The result and method can be used for situations when multiple ratios and change-based financial metrics provide inconsistent conclusions.
