The Efficiency of UK General Insurance Companies Professor Stephen Diacon Worshipful Company of Insurers Professor of Insurance Management

@inproceedings{Diacon2001TheEO,
  title={The Efficiency of UK General Insurance Companies Professor Stephen Diacon Worshipful Company of Insurers Professor of Insurance Management},
  author={Stephen Diacon},
  year={2001}
}
  • Stephen Diacon
  • Published 2001
This paper explores the efficiency of UK specialist and composite insurers transacting general insurance business. The concept of efficiency concerns an insurer’s ability to produce a given set of outputs (such as premiums and investment income) via the use of inputs such as administrative and sales staff and financial capital. An insurer is said to be technically efficient if it cannot reduce its resource usage without some corresponding reduction in outputs, given the current state of… CONTINUE READING

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