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An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach

This study examines the efficiency of general or non-life takaful and insurance industry in Malaysia during the period 2007 to 2009. In order to measure their efficiencies, the output-input data consists of a panel of 28 general or non-life takaful and insurance companies are used. The most commonly...

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Main Author: Md Saad, Norma
Format: Article
Language:English
Published: Society of Interdiciplinary Business Research 2012
Subjects:
HG8011 Insurance
Online Access:http://irep.iium.edu.my/27270/1/Takaful_Efficiency__RIBER2012-080_33-56.pdf
http://irep.iium.edu.my/27270/
http://www.sibresearch.org/riber.html
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spelling my.iium.irep.272702012-12-05T23:32:50Z http://irep.iium.edu.my/27270/ An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach Md Saad, Norma HG8011 Insurance This study examines the efficiency of general or non-life takaful and insurance industry in Malaysia during the period 2007 to 2009. In order to measure their efficiencies, the output-input data consists of a panel of 28 general or non-life takaful and insurance companies are used. The most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA) is adopted to measure the efficiency of the Malaysian takaful and insurance companies. In the DEA technique, efficiency is measured by the Malmquist index. The Malmquist efficiency measures are decomposed into two components: efficiency change and technical change index. Efficiency change is again decomposed into pure efficiency and scale efficiency. It is found that, on average, the TFP of the non-life takaful and insurance industry in Malaysia is mainly due efficiency change and the main sources of the efficiency change are both scale efficiency and pure efficiency. Society of Interdiciplinary Business Research 2012 Article REM application/pdf en http://irep.iium.edu.my/27270/1/Takaful_Efficiency__RIBER2012-080_33-56.pdf Md Saad, Norma (2012) An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach. Review of Integrative Business & Economics Research, 1 (1). pp. 33-56. ISSN 2304-1013 (Online), 2304-1269 (CDROM) http://www.sibresearch.org/riber.html
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG8011 Insurance
spellingShingle HG8011 Insurance
Md Saad, Norma
An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
description This study examines the efficiency of general or non-life takaful and insurance industry in Malaysia during the period 2007 to 2009. In order to measure their efficiencies, the output-input data consists of a panel of 28 general or non-life takaful and insurance companies are used. The most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA) is adopted to measure the efficiency of the Malaysian takaful and insurance companies. In the DEA technique, efficiency is measured by the Malmquist index. The Malmquist efficiency measures are decomposed into two components: efficiency change and technical change index. Efficiency change is again decomposed into pure efficiency and scale efficiency. It is found that, on average, the TFP of the non-life takaful and insurance industry in Malaysia is mainly due efficiency change and the main sources of the efficiency change are both scale efficiency and pure efficiency.
format Article
author Md Saad, Norma
author_facet Md Saad, Norma
author_sort Md Saad, Norma
title An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_short An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_full An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_fullStr An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_full_unstemmed An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_sort analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
publisher Society of Interdiciplinary Business Research
publishDate 2012
url http://irep.iium.edu.my/27270/1/Takaful_Efficiency__RIBER2012-080_33-56.pdf
http://irep.iium.edu.my/27270/
http://www.sibresearch.org/riber.html
_version_ 1643609306129498112
score 13.211869

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