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Measuring Relative Efficiency of Korean Life Insurance Companies Employing DEA/Window Model

DEA/Window 모형을 이용한 국내 생명보험산업의 상대적 효율성 분석

  • Published : 2008.05.31

Abstract

With many changes such as the increase in telemarketing, internet marketing and enforcement of bancassurance, the Korean life insurance companies have undergone a startling transformation. The purpose of this paper is to measure and analyse the static/dynamic efficiency of Korean life insurance companies employing Data Envelopment Analysis(DEA). As the result of the static efficiency analysis, we provide CCR, BCC and scale efficiency, return to scale, and reference set of Korean life insurance companies in 2004. And we also describe about the trend and stability of their efficiency for 7 years(1998-2004) in the dynamic efficiency analysis.

Keywords

DEA;Efficiency;Life Insurance Industry

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