Insurance Company Efficiency Analysis Through Data Envelopment Analysis (DEA) During COVID-19 Pandemic
Applications of Management Science
ISBN: 978-1-80071-552-3, eISBN: 978-1-80071-551-6
Publication date: 8 August 2022
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.
Keywords
Citation
Niu, G., Quinn, J. and Olinsky, A. (2022), "Insurance Company Efficiency Analysis Through Data Envelopment Analysis (DEA) During COVID-19 Pandemic", Lawrence, K.D. and Pai, D.R. (Ed.) Applications of Management Science (Applications of Management Science, Vol. 21), Emerald Publishing Limited, Leeds, pp. 3-12. https://doi.org/10.1108/S0276-897620220000021001
Publisher
:Emerald Publishing Limited
Copyright © 2022 by Emerald Publishing Limited