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Efficiency analysis of reinsurers in India: a three stage fuzzy closed system DEA approach

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  • K. Kapil Raj

    (B.S. Abdur Rahman Crescent Institute of Science and Technology)

  • S. Srinivasan

    (B.S. Abdur Rahman Crescent Institute of Science and Technology)

  • C. D. Nandakumar

    (B.S. Abdur Rahman Crescent Institute of Science and Technology)

Abstract

In this paper a three-stage closed system fuzzy network Data Envelopment Analysis (DEA) is employed to assess the competency of reinsurers (both Indian and Foreign branch) functioning in India by disintegrating the complex service process into three sub-processes. The production, investment, and effectiveness frameworks are appraised in three stages. The output of the first stage is considered as the input for the second stage, and the output of the second stage is an input for the third stage. The fuzzy DEA findings reveal the individual efficiency score of production, investment, and the effectiveness sub-processes of each Decision-Making Unit (DMUs), which also ascertains the results of conventional DEA for all three stages. The data for this study has been taken from the Indian Insurance Regulator (IRDAI), spanning three years from FY 2017–2020.

Suggested Citation

  • K. Kapil Raj & S. Srinivasan & C. D. Nandakumar, 2023. "Efficiency analysis of reinsurers in India: a three stage fuzzy closed system DEA approach," OPSEARCH, Springer;Operational Research Society of India, vol. 60(3), pages 1179-1201, September.
    • Handle: RePEc:spr:opsear:v:60:y:2023:i:3:d:10.1007_s12597-023-00651-2
    DOI: 10.1007/s12597-023-00651-2
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    References listed on IDEAS

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    Cited by:

    1. Jagjeevan Kanoujiya & Shailesh Rastogi, 2024. "Nexus between efficiency and financial distress of listed firms in India: a comparative study using frontier techniques," OPSEARCH, Springer;Operational Research Society of India, vol. 61(2), pages 835-866, June.

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