Size and Efficiency in European Long-term Insurance Companies: An International Comparison

Geneva Papers on Risk and Insurance: Issues and Practice

Volumn 27, Issue 3, 2002, Pages 444-466

  Diacon, S R ^a   Starkey, K ^a   O'Brien, C ^a  

^a UNIVERSITY OF NOTTINGHAM   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0242348101     PISSN: 10185895     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0440.00184     Document Type: Review

References (23)

1. ATHANASSOPOULOS, A., SOTERIOU, A. and ZENIOS, S., 2000, "Disentangling Within- and Between-Country Efficiency Differences of Bank Branches", in Harker and Zenios (2000, ch. 10).
2. BANKER, R., CHARNES, A. and COOPER, W., 1984, "Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis", Management Science, 30, pp. 1078-1092.
3. BERG, S., FORSUND, F., HJALMARSSON, L. and SUOMINEN, M., 1993, "Banking Efficiency in the Nordic Countries", Journal of Banking & Finance, 17, pp. 371-388.
4. BERGER, A., 1993, "Distribution-Free Estimates of Efficiency in the US Banking Industry and Tests of the Standard Distributional Assumptions", Journal of Productivity Analysis, 4, pp. 261-292.
5. BERGER, A., CUMMINS, J. and WEISS, M., 1997, "The Coexistence of Multiple Distribution Systems for Financial Services: The Case of Property-Liability Insurance", Journal of Business, 70, 4, pp. 515-546.
6. BERGER, A. and HUMPHREY, D., 1997, "Efficiency of Financial Institutions: International Survey and Directions for Future Research", European Journal of Operations Research, 98, pp. 175-212.
7. nd UK Insurance Economists Conference, University of Nottingham, March.
8. COELLI, T., RAO, D. and BATTESE, G., 1998, An Introduction to Efficiency and Productivity Analysis. Boston: Kluwer Academic Publishers.
9. COOPER, W., SEIFORD, L. and TONE, K., 2000, Data Envelopment Analysis: A Comprehensive Text with Models, Applications, References and DEA-Solver Software. Boston: Kluwer Academic Publishers.
10. CUMMINS, J. and SANTOMERO, A., 1999, Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management. Boston: Kluwer Academic Publishers.
11. CUMMINS, J., TENNYSON, S. and WEISS, M., 1999, "Consolidation and Efficiency in the US Life Insurance Industry", Journal of Banking & Finance, 23, pp. 325-357.
12. CUMMINS, J. and WEISS, M., 1993, "Measuring Cost Efficiency in the Property-Liability Insurance Industry", Journal of Banking & Finance, 17, pp. 463-481.
13. CUMMINS, J., WEISS, M. and ZI, H., 1999, "Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-Liability Insurers", Management Science, 45, 9, pp. 1254-1269.
14. CUMMINS, J. and ZI, H., 1998, "Comparison of Frontier Efficiency Methods: An Application to the US Life Insurance Industry", Journal of Productivity Analysis, 10, pp. 131-152.
15. DIACON, S., 1990, A Guide to Insurance Management. London: Macmillan.
16. DONNI, O. and FECHER, F., 1997, "Efficiency and Productivity of the Insurance Industry in the OECD Countries", Geneva Papers on Risk and Insurance: Issues and Practice, 85, pp. 523-535.
17. FARRELL, M., 1957, "The Measurement of Productive Efficiency", Journal of the Royal Statistical Society. Series A, 120, pp. 253-281.
18. HARKER, P. and ZENIOS, S., 2000, Performance of Financial Institutions: Efficiency, Innovation, Regulation. Cambridge: Cambridge University Press.
19. KATRISHEN, F. and SCORDIS, N., 1998, "Economies of Scale in Services: A Study of Multinational Insurers", Journal of International Business Studies, 29, 2, pp. 305-324.
20. PASTOR, J., 1999, "Efficiency and Risk Management in Spanish Banking: A Method to Decompose Risk", Applied Financial Economics, 9, pp. 371-384.
21. RAI, A., 1996, "Cost Efficiency of International Insurance Firms", Journal of Financial Services Research, 10, pp. 213-233.
22. RASSAM, C., 1998, Insurance in Europe: A Report on the Major European Insurance Markets, International Business Intelligence Reports. London: The Stationery Office.
23. YUENGERT, A., 1993, "The Measurement of Efficiency in Life Insurance: Estimates of a Mixed Normal-Gamma Error Model", Journal of Banking & Finance, 17, pp. 483-496.