A Stochastic Frontier Analysis of Efficiency in Argentina’s Non-Life Insurance Market

The Geneva Papers on Risk and Insurance - Issues and Practice. Enero de 2018.

We estimate the technical efficiency of Argentina’s non-life insurance industry and address some questions regarding efficiency: What are the levels of comparative efficiency in the sector? How efficient is the sector as a whole? Has efficiency evolved in recent years or has it stagnated? Is the sector improving its technology? To respond to these questions, we construct a database of the sector and run an SFA estimate to determine the efficiency of individual companies, the sector as a whole, its evolution over recent years and technology change