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Technical efficiency and super-efficiency of the insurance sector in Slovakia

  1. TitleTechnical efficiency and super-efficiency of the insurance sector in Slovakia
    Par.titleTechnická efektívnosť a super-efektívnosť v sektore poisťovníctva na Slovensku
    Author infoEmília Zimková
    Author Zimková Emília 1964- (100%) UMBEF04 - Katedra financií a účtovníctva
    Source document Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. Vol. 63, no. 6 (2015), pp. 2205-2211. - Brno : Mendelova univerzita v Brně, 2015
    Keywords poisťovníctvo - insurance   SBM model   super-efektívny model   super-efficiency model  
    LanguageEnglish
    CountryCzech Republic
    systematics 368
    AnnotationIn this paper, the technical effi ciency and the super-effi ciency of a representative sample of insurance institutions in Slovakia is analyzed with the aid of data envelopment analysis (DEA). This paper diff ers from the so far published literature, as it extends the application of radial DEA models (the CCR model of Charnes, Cooper and Rodes; the BCC model of Banker, Charnes and Cooper) by a non-radial model (the SBM model of Tone) and a super-effi ciency model. The supper-effi ciency can be used either to rank effi cient units or to indicate outliers in the analyzed group of decision making units. Achieved results also reveal that in the year 2013, among 13 Slovak insurance companies under evaluation, the AXA poisťovňa, a. s. was the super-effi cient insurance company. The implications of gained results are then drawn for managerial and regulatory purposes. Firstly, it is shown how the management of the insurance institutions with the poorest performances should change their managerial procedures and adopt enhanced-incentive policy. Secondly, the regulatory body of the insurance institutions should utilize the gained technical effi ciency of the analyzed institutions for the prediction of their competitiveness in the long run.
    Public work category ADM
    No. of Archival Copy34364
    Repercussion categoryKOČIŠOVÁ, Kristína. Revenue efficiency in European banking. In European financial systems 2016 : proceedings of the 13th international scientific conference, Brno, 27th-28th June 2016. Brno : Masaryk University, 2016. ISBN 978-80-210-8308-0, pp. 333-339.
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    MAHAD, Nor Faradilah - ABDUL AZIZ, Nur Azlina - MOHD AMIN, Farah Azaliney - MOHD MAHYIDEEN, Jamilah. An integrated DEA and PROMETHEE II method for complete ranking : an application in life-insurance sector. In International journal of academic research in business and social sciences. ISSN 2308-3816, 2021, vol. 11, no. 10, pp. 982-992.
    CHE MOHD SALLEH, Marhanum - CHOWDHURY, Mohammad Abdul Matin - CAHYONO, Eko Fajar - WIDIASTUTI, Tika. Measuring the effect of GST towards performances of Malaysian takaful operators. In Journal of Islamic accounting and business research. ISSN 1759-0817, 2022, vol. 13, no. 6, pp. 977-993.
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    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
    ReferencesPERIODIKÁ-Súborný záznam periodika
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