Efficiency Analysis of Life Insurance Companies in Taiwan : A Two-Production-Stage Data Envelopment Analysis

• Main Authors: Lin, Fang-Li, 林芳麗
• Other Authors: Hu, Jin-Li
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/24896461903944278536

碩士 === 國立交通大學 === 經營管理研究所 === 99 === This thesis employs the two-production-stage data envelopment analysis (DEA) proposed by Seiford and Zhu (1999) to evaluate the efficiency of twenty-eight life insurance companies in Taiwan from 2005 to 2009. The Tobit regression is applied to analyze the differences in efficiency of life insurance companies. The approach for adjusting negative inputs or outputs proposed by Lovell and Pastor (1995) is also adopted. In the first production stage (sales stage), companies with financial holding background perform better and efficiency scores worse as years of companies and field personnel ratios increase. There is no significant difference in the efficiency scores between domestic and foreign life insurance companies in the first production stage. In the second production stage (profits stage), foreign life insurance companies perform better and efficiency scores worse as market shares increase. In the aggregation of these two stages, foreign life insurance companies perform better and efficiency scores worse as market shares increase.