International Journal of Statistics and Applied Mathematics
2018, Vol. 3, Issue 1, Part C
Using data envelopment analysis to measure, relative efficiency of public and private life insurance companies in IndiaAuthor(s):
MS Pawar Waghavkar and SL SananseAbstract:
In this study Data envelopment analysis used to measure the relative efficiency of public and private life insurance companies in India by year wise and group wise. This study used two inputs commission and operating expenses and one output namely investment income. This study used 01 public insurance company and 13 private insurance companies covering a period of 5 years from 2011-12 to 2015-16. The focus of this study is to maximise the output in minimum input. The result of this study show that in group wise analysis of company the mean of scale efficiency of private companies is 0.8151 in year 2011-12 to 0.9615 in year 2015-16.LIC is operating on increasing return to scale and taking the more advantage of pure technical efficiency and scale efficiency and selected public and private life insurance companies at an output oriented overall performance average technical efficiency is 62.424%, pure technical efficiency is 75.49285714% and scale efficiency is 85.57833.Pages: 173-176 | Views: 446 | Downloads: 15Download Full Article: Click Here
How to cite this article:
MS Pawar Waghavkar and SL Sananse. Using data envelopment analysis to measure, relative efficiency of public and private life insurance companies in India. International Journal of Statistics and Applied Mathematics. 2018; 3(1): 173-176.