A survey of the methods, aspects and trends of life insurance efficiency papers

This paper explores studies that determine life insurance efficiency, an area that is gaining in recognition as being important to investigate. As well a scrutinization and exploration of the numbers and recent trends of methods and some aspects of life firm efficiency measurement is implemented. In its overview of life company efficiency items written since 1982 this project shows how the most fundamental elements of life enterprise efficiency estimation, for example the set-up and form of outputs and inputs, have been coped with. Therefore, an assessment of the overall results of efficiency studies is possible. Similarly, ideas for potential further research are portrayed. One conclusion drawn from the results of this project is that the steady increase in both the volume and scope of pieces scrutinizing life firm efficiency means that it is being perceived as being of greater importance. Consequently, this review will be of value to both practitioners and regulators concerned with this subject in that it will enable an assessment of which aspects of this field of study need more research and which are otherwise worth developing.