Productive performance of the French insurance industry |
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| Authors: | F Fecher D Kessler S Perelman P Pestieau |
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| Institution: | (1) Department of Economics, University of Liège, Sart Tilman, B-4000 Liège 1, Belgium;(2) EHESS, 42 Bd. Raspail, 75007 Paris, France;(3) Department of Economics, University of Liège, Sart Tilman, B-4000 Liège 1, Belgium;(4) CORE, University of Louvain, Sart Tilman, B-4000 Liège 1, Belgium;(5) Department of Economics, University of Liège, Sart Tilman, B-4000 Liège 1, Belgium |
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| Abstract: | The purpose of this paper is to provide for both life and non-life insurance an assessment of the relative productive performance of French companies. We use parametric and nonparametric approaches to construct a frontier to be used as a yardstick of productive efficiency. Our data basis covers 84 life and 243 non-life companies for the period 1984–1989. The main findings show a high correlation between parametric and nonparametric results and a wide dispersion in the rates of inefficiency across companies. This dispersion can be reduced when controlling for variations in scale, ownership, distribution, reinsurance, and claims ratios. |
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