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A Stochastic Frontier Analysis of Efficiency in Argentina’s Non-Life Insurance Market

Author

Listed:
  • Gustavo Ferro

    (Universidad del CEMA (UCEMA) & CONICET)

  • Sonia León

    (Universidad Argentina de la Empresa – UADE)

Abstract

We estimate the technical efficiency of Argentina’s non-life insurance industry and address some questions regarding efficiency: What are the levels of comparative efficiency in the sector? How efficient is the sector as a whole? Has efficiency evolved in recent years or has it stagnated? Is the sector improving its technology? To respond to these questions, we construct a database of the sector and run an SFA estimate to determine the efficiency of individual companies, the sector as a whole, its evolution over recent years and technology change.

Suggested Citation

  • Gustavo Ferro & Sonia León, 2018. "A Stochastic Frontier Analysis of Efficiency in Argentina’s Non-Life Insurance Market," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(1), pages 158-174, January.
    • Handle: RePEc:pal:gpprii:v:43:y:2018:i:1:d:10.1057_s41288-017-0058-z
    DOI: 10.1057/s41288-017-0058-z
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    References listed on IDEAS

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