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

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      <subfield code="c">Fabio Bertoni and Annalisa Croce</subfield>
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      <subfield code="a">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</subfield>
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      <subfield code="t">Geneva papers on risk and insurance : issues and practice</subfield>
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      <subfield code="g">01/04/2011 Tomo 36 Número 2  - 2011 , p. 165-185</subfield>
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