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Title: Conversion and Efficiency Performance Changes: Evidence from the U.S Property-Liability Insurance Industry
Authors: 王儷玲;Chen, Lih-Ru;Lai, Gene C
Contributors: 風管系
Date: 2010-03
Issue Date: 2015-03-11 12:31:47 (UTC+8)
Abstract: This study investigates whether the conversion of U.S. property-liability insurers improves their efficiency performance before and after the conversion. We estimate relative efficiency of converting insurers and control insurers using data envelopment analysis. The Malmquist analysis is also used to measure changes in efficiency pre- and post-conversion. The evidence shows that converting insurers experience larger gains in cost efficiency and total productivity change than mutual control insurers before conversion. In addition, the empirical results indicate that converting insurers improve efficiency after conversion. These results are robust with respect to both the value-added and the financial intermediary approaches. The overall results support the efficiency hypothesis proposed by Mayers and Smith 
Relation: The Geneva Risk and Insurance Review,36(1),1-35
Data Type: article
Appears in Collections:[風險管理與保險學系 ] 期刊論文

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