2026-06-03T00:45:25Zhttps://riuma.uma.es/rest/oai/requestoai:riuma.uma.es:10630/121122026-02-03T12:11:53Zcom_10630_2254col_10630_37959
RIUMA. Repositorio Institucional de la Universidad de Málaga
author
Rubio-Misas, María
author
Cummins, J. David
2016-09-28T08:39:13Z
2016-09-28T08:39:13Z
2016-09-28
http://hdl.handle.net/10630/12112
This study examines the impact of integration on the efficiency of European Union (EU) life insurance markets for the post deregulation period 1998-2007. To assess the effects of deregulation, we first estimate cost and revenue efficiencies by applying the metafrontier data envelopment analysis (DEA) approach, which facilitates efficiency comparisons across countries. In the second stage, we test the degree of inter-country convergence as well as cross sectional dispersion by using panel data models. Our findings show that efficiencies have converged and that the dispersion of mean efficiency scores across countries has been reduced, providing evidence of integration in the EU life insurance market. Results also show the β-convergence and σ-convergence in metatechnology efficiency ratios suggesting that technological discrepancy among the life insurance markets of major EU countries has decreased. We also find that financial market development, legal and governmental systems, as well as competitive intensity affect insurance market performance and integration.
eng
by-nc-nd
Compañías de seguros
Integration and Efficiency convergence in European Life Insurance markets
conference output
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URL
https://riuma.uma.es/bitstreams/ef0ebb05-e769-4f6b-bf62-cc2052923543/download
File
MD5
ef746c6478201d4c8c2a3ddefb7ba8dd
121700
application/pdf
Cummins&Rubio-Misas-EULife2016.pdf