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- Title
Revenue Maximizing Efficiency of Life Insurance Companies: Some Indian Evidence.
- Authors
Sinha, Ram Pratap
- Abstract
The paper compares 15 life insurance companies operating in India for 2005-06 to 2008-09 using the old and new revenue maximizing approach. The difference between the two approaches lies in the specification of the production possibility set. In both the approaches, only the Life Insurance Corporation of India (LIC) was found to be efficient for the observed years followed very closely by Sahara life. However, since in the old approach, the technically inefficient firms are penalized very harshly, the grand mean technical efficiency score is less than 50% to that in the new approach.
- Subjects
INDIA; LIFE insurance; LIFE insurance companies; BUSINESS enterprises; REVENUE management; LIFE Insurance Corp. of India
- Publication
IUP Journal of Risk & Insurance, 2010, Vol 7, Issue 3, p19
- ISSN
0972-933X
- Publication type
Article