The Productivity of European life insurers : best-practice adoption vs. innovation

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<title>Productivity of European life insurers : best-practice adoption vs. innovation</title>
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<namePart>Croce, Annalisa</namePart>
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<abstract displayLabel="Summary">The Aim of this work is to investigate the drivers of productivity evolution in the European life insurance industry in the aftermath of the enforcement of the Third directive. Authors apply Data Envelopment Analysis (DEA) to a panel of 602 life insurance companies operating in five European countries (Germany, France, Italy, Spain and the U.K.) between 1997 and 2004 and develop a generalized Malmquist efficency decomposition to gauge the relative importnace of two sources of productivity change: the improvement of best-practices via innovation, and the adoption of practices currently adopted by local or foreign best-in-class insurers</abstract>
<note type="statement of responsibility">Fabio Bertoni and Annalisa Croce</note>
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<topic>Análisis de datos</topic>
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<topic>Seguro de vida</topic>
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<topic>Indice Malmquist</topic>
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<topic>Productividad</topic>
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<topic>Empresas de seguros</topic>
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<title>Geneva papers on risk and insurance : issues and practice</title>
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<publisher>Geneva : The Geneva Association, 1976-</publisher>
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<identifier type="issn">1018-5895</identifier>
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<text>01/04/2011 Tomo 36 Número 2  - 2011 , p. 165-185</text>
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