| dc.description.abstract | Because of the lack of insurance efficiency literature in Vietnam, this study aims
to evaluate the efficiency of 30 Vietnamese insurance companies from 2016 to 2021.
The efficiency scores are measured by applying the data envelopment analysis in the
first stage. In the second stage, truncated regression is employed to identify the
relationship between financial factors and efficiency. The results show that the
majority of insurers in Vietnam are relatively efficient, but the average efficiency
score decreased over the study period. In the BCC model, the factors significantly
affecting efficiency are leverage, gross written premium, firm age and size, and life
insurance type. All these factors positively affect efficiency except the firm size. In
the CRR model, only leverage, firm age, and life insurance type have a significantly
positive impact on efficiency. The findings of this study provide insights for
policymakers and stakeholders to improve their performance efficiency in the
Vietnamese insurance market. | en_US |
