Composite Performance Variable and the Characteristics of Life Insurance Companies
Publisher : Korea Insurance Research Institute
Research Area : Business Management
-
The purpose of this paper is to develop the composite performance variable which reflects the performance of life insurance companies objectively, scientifically, and also specifically. The insurance companies are classified on the basis of the composite performance developed and the characteristics of insurance companies explaining high and low composite performance are also analysed. The composite performance variable is measured by the mixture of cost efficiency, profitability, and financial soundness. The principal component analysis is employed in measuring the composite performance variable.The findings of this paper are summarized as follows. Firstly, the composite performance variable is more appropriate for the performance of insurance companies than a single performance variable such as cost efficiency, profitability, or financial soundness. Secondly, we observe major and some foreign life insurance companies showing high composite performance. On the contrary, small and medium sized companies and the other foreign life insurance companies exhibit low composite performance. Finally, size and the bond ratio reflecting the characteristic of investment portfolio influence the composite performance positively but the protection ratio is negatively related to the composite performance.
-
[journal] / 2001 / 국내보험사의 효율성 및 생산성변화 분석 12 (1)
[journal] / 2002.2 / 한국 생명보험산업의 효율성 평가와 비효율성 원인의 규명 29 (1) : 2000 2~
[journal] / 2001 / 우리나라와 OECD 국가 생명보험산업 효율성 비교 연구 12 (1)
[journal] / 2003 / 보험회사에 대한 방카슈랑스 도입 효과 및 시사점 분석 14 (1)
[journal] / 2002.12 / 방카슈랑스가 은행의 안전성 및 효율성에 미치는 영향 / 한국금융연구원 : 2002~2008
[journal] / 1992 / 보험회사의 특성과 생산성 독일손해보험산업을 중심으로 54
[journal] / 1999 / Output Measurement and the Malmquist Index in the Korean Life Insurance Industry 10 (1)
[journal] / 2000 / Conglomeration versus Strategic Focus: Evidence from the Insurance Industry 9 : 323~362
[journal] / 1978 / Measuring the Efficiency of Decision Making Units European Journal of Operation Research
[journal] / 1977 / Economies of Scale in the United Kingdom Ordinary Life Assurance Industry applied eco (mics)
[journal] / 1999 / Efficiency in the U.S. Life Insurance Industry: Are Insurers Minimizing Costs and Maximizing revenues? / Kluwer Academic Publishers : 77~115
[journal] / 1996 / Productivity and Technical Efficiency Italian Insurance Industry, Financial Institutions Center / The Wharton School University of Pennsylvania
[journal] / 1999 / Organizational Form and Efficiency: The Coexistence of Stock and Mutural Property-Liability Insurers 45 (9) : 1254~1269
[journal] / 1999 / Consolidation and efficiency in the US life insurance industry 23 : 325~327
[journal] / 1997 / Efficiency and Productivity of the Insurance Industry in the OECD Countries 22 (84) : 523~535
[journal] / 1992 / An Examination of Cost Economies in the United States Life Insurance Industry 59
[journal] / 1994 / Scale and Scope Economies in the UK Life Assurance Industry British Review of Economic Issues
[journal] / 1997 / Measuring cost Inefficiency in the UK Life Insurance Industry 7 : 37~44
[journal] / 1970 / Economies of Scale in Financial Institutions a Study in Life Insurance eco (metrica)
[journal] / 1988 / Looking for New Models of Organizations The Academy of Management Executive
[journal] / 1980 / Techniques for Analyzing Industries and Competitors / The Free Press
[journal] / 1990 / The Core Competence of the Corporation
[journal] / 1996 / Cost Efficiency of International Insurance Firms 10 : 213~233
[journal] / 1996 / Definition, Perspectives, and Understanding of International Competitiveness: A Quest for a Common Ground 6 (2) : 7~26
[journal] / 1993 / The Measurement of Efficiency in Life Insurance Estimation of a Mixed Normal-gamma Error Model Journal of Banking and Finance
-
132
Viewed
Print this page
Download PDF