Abstract
The primary objective of the article was to examine the level and efficiency structure of insurance companies on life insurance market in Poland. The study presents critical analysis of the insurance literature relating to technical efficiency of insurers, i.e. methods of estimating efficiency, the form of the efficiency frontier model, the choice of production factors and insurance production. The study used the methods of mathematical and econometric modelling in SFA method. The results the technical efficiency study for 22 life insurance companies for a period between 2011-2020 using the SFA method, showed high average cost efficiency of insurers (0.9140) and lower profit efficiency (0. 8565). It was confirmed that a group of large companies achieved higher cost efficiency than the remaining companies, suggesting that large companies benefited from the scale of production. In contrast, higher average profit efficiency was recorded for the remaining companies.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Central European Review of Economics & Finance
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
