An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach

This study examines the efficiency of general or non-life takaful and insurance industry in Malaysia during the period 2007 to 2009. In order to measure their efficiencies, the output-input data consists of a panel of 28 general or non-life takaful and insurance companies are used. The most commonly...

Full description

Bibliographic Details
Main Author: Md Saad, Norma
Format: Article
Language:English
Published: Society of Interdiciplinary Business Research 2012
Subjects:
Online Access:http://irep.iium.edu.my/27270/
http://irep.iium.edu.my/27270/
http://irep.iium.edu.my/27270/1/Takaful_Efficiency__RIBER2012-080_33-56.pdf
id iium-27270
recordtype eprints
spelling iium-272702012-12-05T23:32:50Z http://irep.iium.edu.my/27270/ An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach Md Saad, Norma HG8011 Insurance This study examines the efficiency of general or non-life takaful and insurance industry in Malaysia during the period 2007 to 2009. In order to measure their efficiencies, the output-input data consists of a panel of 28 general or non-life takaful and insurance companies are used. The most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA) is adopted to measure the efficiency of the Malaysian takaful and insurance companies. In the DEA technique, efficiency is measured by the Malmquist index. The Malmquist efficiency measures are decomposed into two components: efficiency change and technical change index. Efficiency change is again decomposed into pure efficiency and scale efficiency. It is found that, on average, the TFP of the non-life takaful and insurance industry in Malaysia is mainly due efficiency change and the main sources of the efficiency change are both scale efficiency and pure efficiency. Society of Interdiciplinary Business Research 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/27270/1/Takaful_Efficiency__RIBER2012-080_33-56.pdf Md Saad, Norma (2012) An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach. Review of Integrative Business & Economics Research, 1 (1). pp. 33-56. ISSN 2304-1013 (Online), 2304-1269 (CDROM) http://www.sibresearch.org/riber.html
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG8011 Insurance
spellingShingle HG8011 Insurance
Md Saad, Norma
An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
description This study examines the efficiency of general or non-life takaful and insurance industry in Malaysia during the period 2007 to 2009. In order to measure their efficiencies, the output-input data consists of a panel of 28 general or non-life takaful and insurance companies are used. The most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA) is adopted to measure the efficiency of the Malaysian takaful and insurance companies. In the DEA technique, efficiency is measured by the Malmquist index. The Malmquist efficiency measures are decomposed into two components: efficiency change and technical change index. Efficiency change is again decomposed into pure efficiency and scale efficiency. It is found that, on average, the TFP of the non-life takaful and insurance industry in Malaysia is mainly due efficiency change and the main sources of the efficiency change are both scale efficiency and pure efficiency.
format Article
author Md Saad, Norma
author_facet Md Saad, Norma
author_sort Md Saad, Norma
title An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_short An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_full An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_fullStr An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_full_unstemmed An analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
title_sort analysis on the efficiency of takaful and insurance companies in malaysia: a non-parametric approach
publisher Society of Interdiciplinary Business Research
publishDate 2012
url http://irep.iium.edu.my/27270/
http://irep.iium.edu.my/27270/
http://irep.iium.edu.my/27270/1/Takaful_Efficiency__RIBER2012-080_33-56.pdf
first_indexed 2023-09-18T20:40:33Z
last_indexed 2023-09-18T20:40:33Z
_version_ 1777409336477220864