| Summary: | 碩士 === 國立交通大學 === 經營管理研究所 === 106 === This study uses the SBM model of the data envelopment analysis method to analyze the overall and disaggregate input efficiencies (total assets and number of employees) and disaggregate output efficiencies (premium income and investment income) of the 24 life insurance companies in Taiwan from 2012 to 2016. This study explores whether there are differences in the use efficiency of various resource elements and possible factors of difference. We find that there is no significant difference in the overall, total assets and premium income efficiency scores of domestic and foreign life insurance companies. The investment income efficiency scores of domestic life insurance companies are higher in some years. Domestic life insurance companies have higher employee efficiency scores. This means Taiwan has high labor efficiency. The overall and investment income efficiency scores of the financial holding company (FHC)-controlled life insurance companies are better. FHC companies also have higher assets, employee, and premium income efficiency scores. Therefore, this study supports the hypothesis that a life insurance company should establish its own FHC or become a subsidiary under an existing FHC.
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