@article{ART001693606},
author={Daigyo Seo and 황진태},
title={Stochastic Frontier Analysis for Operational Efficiency in Life Insurance},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2012},
volume={23},
number={3},
pages={3-32}
TY - JOUR
AU - Daigyo Seo
AU - 황진태
TI - Stochastic Frontier Analysis for Operational Efficiency in Life Insurance
JO - Journal of Insurance and Finance
PY - 2012
VL - 23
IS - 3
PB - Korea Insurance Research Institute
SP - 3
EP - 32
SN - 2384-3209
AB - Using the stochastic frontier analysis, this paper investigates the efficiency and productivity of life insurance companies during the period 1998-2008. In addition, we estimate the effects of the introduction of bancassurance and variable insurance on their technical efficiency and technical progress. The empirical results show that technical efficiency has increased over time, but technical progress has not. The contribution of technical progress to their productivity appears to be greater than that of technical efficiency. As a consequence, the improvements in productivity have slowed down over time. On the other hand, the technical progress of life insurance companies using bancassurance is significantly greater than otherwise. However, for variable insurance,neither technical efficiency nor technical progress is significantly different.
KW - bancassurance;efficiency;productivity;stochastic frontier model;variable insurance
DO -
UR -
ER -
Daigyo Seo and 황진태. (2012). Stochastic Frontier Analysis for Operational Efficiency in Life Insurance. Journal of Insurance and Finance, 23(3), 3-32.
Daigyo Seo and 황진태. 2012, "Stochastic Frontier Analysis for Operational Efficiency in Life Insurance", Journal of Insurance and Finance, vol.23, no.3 pp.3-32.
Daigyo Seo, 황진태 "Stochastic Frontier Analysis for Operational Efficiency in Life Insurance" Journal of Insurance and Finance 23.3 pp.3-32 (2012) : 3.
Daigyo Seo, 황진태. Stochastic Frontier Analysis for Operational Efficiency in Life Insurance. 2012; 23(3), 3-32.
Daigyo Seo and 황진태. "Stochastic Frontier Analysis for Operational Efficiency in Life Insurance" Journal of Insurance and Finance 23, no.3 (2012) : 3-32.
Daigyo Seo; 황진태. Stochastic Frontier Analysis for Operational Efficiency in Life Insurance. Journal of Insurance and Finance, 23(3), 3-32.
Daigyo Seo; 황진태. Stochastic Frontier Analysis for Operational Efficiency in Life Insurance. Journal of Insurance and Finance. 2012; 23(3) 3-32.
Daigyo Seo, 황진태. Stochastic Frontier Analysis for Operational Efficiency in Life Insurance. 2012; 23(3), 3-32.
Daigyo Seo and 황진태. "Stochastic Frontier Analysis for Operational Efficiency in Life Insurance" Journal of Insurance and Finance 23, no.3 (2012) : 3-32.
