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Journal of Information and Optimization Sciences

(Since 1980)
Hybrid ·Peer-reviewed·ISSN (Online): 2169-0103·ISSN (Print): 0252-2667

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Monthly Journal: Publishes theoretical and applied research on topics in information and optimization sciences.

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Journal of Information and Optimization Sciences
Open Access Research Article

Analysing the efficiency of Indian non-life insurers : A two-stage fuzzy closed system DEA approach

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pp. 631–648Vol. 45Issue 3April 2024DOI: 10.47974/JIOS-1318XML
Received:
05 Oct 2021
Accepted:
03 May 2022
Published Online:
27 Apr 2024
Article type:
Research Article
Language:
EN
Article no.:
JIOS-1318
Pages:
631–648

Abstract

This paper adopts a two-stage fuzzy closed system Data Envelopment Analysis (DEA) to assess the efficiency of India’s non-life insurance industry. The framework of marketability and profitability’s sub-processes is evaluated in two stages, with the first stage considering three inputs and three outputs, and the second stage considers the outputs of first stage as inputs and assuming three different outputs as variables for 12 different non-life insurers (both public and private) which are a basis of secondary information from Insurance Regulatory and Development Authority of India for the period of FY 2015 to 2020. Our findings reveal the individual efficiency measure for marketability and profitability sub – processes of the selected non-life insurance firms functioning in India.

Keywords

Non-life insurerTwo-stage fuzzy DEAGMIR defuzzificationMarketabilityProfitability

Subject Classifications

62P0597M4090Bxx90-XX03B52

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