A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009

The concept of efficiency enables a business to capture majority of the market in order to acquire higher profits by maximizing the available resources to produce the most output and at the same time by lowering its costs. With this, the proponents of the research paper aimed to establish if the Phi...

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Main Authors: Francisco, Christine Gail L., Laurente, Zaldeleen R., Malacca, Alyssa Camille P., Tongco, Georgina A.
Format: text
Language:English
Published: Animo Repository 2011
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Online Access:https://animorepository.dlsu.edu.ph/etd_bachelors/18355
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Institution: De La Salle University
Language: English
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spelling oai:animorepository.dlsu.edu.ph:etd_bachelors-188682022-02-03T00:33:54Z A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009 Francisco, Christine Gail L. Laurente, Zaldeleen R. Malacca, Alyssa Camille P. Tongco, Georgina A. The concept of efficiency enables a business to capture majority of the market in order to acquire higher profits by maximizing the available resources to produce the most output and at the same time by lowering its costs. With this, the proponents of the research paper aimed to establish if the Philippines insurance industry, specifically the top eight (8) performers from both life and non-life sctors, followed the efficient structure hypothesis theory in carrying out its operations during the years 2005-2009, patterning the research to the journal of Byeongyong and Weiss entitled, An empirical Investigation of Market Structure, Efficiency, and Performance in Property-Liability Insurance . Necessary adaptations were made to suit the present condition of the Philippine insurance industry, such as altering the variables and its components. Profit and price were used as dependent variables, while actual cost, actual revenue, agent's services, labor services, materials, equity capital, output and market concentartion were used as independent variables. Control variables include company growth, reinsurance, and advertising intensity. To determine the results of the study, a panel regression was used. Results show that the significant variables to both sectors for the dependent variable profit of the insurance industry are actual revenue, actual cost, agent's services and market concentration. The results for the dependent variable price, on the other hand shows no common less significant variables than profit. Having said this, it can be implied that the insurance industry in the Philippines is more focused and aggressive in making profit rather than having a definite pricing strategy. 2011-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/18355 Bachelor's Theses English Animo Repository Insurance companies--Philippines Insurance companies--Philippines--Management Insurance companies--Investment--Philippines Finance and Financial Management
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Insurance companies--Philippines
Insurance companies--Philippines--Management
Insurance companies--Investment--Philippines
Finance and Financial Management
spellingShingle Insurance companies--Philippines
Insurance companies--Philippines--Management
Insurance companies--Investment--Philippines
Finance and Financial Management
Francisco, Christine Gail L.
Laurente, Zaldeleen R.
Malacca, Alyssa Camille P.
Tongco, Georgina A.
A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009
description The concept of efficiency enables a business to capture majority of the market in order to acquire higher profits by maximizing the available resources to produce the most output and at the same time by lowering its costs. With this, the proponents of the research paper aimed to establish if the Philippines insurance industry, specifically the top eight (8) performers from both life and non-life sctors, followed the efficient structure hypothesis theory in carrying out its operations during the years 2005-2009, patterning the research to the journal of Byeongyong and Weiss entitled, An empirical Investigation of Market Structure, Efficiency, and Performance in Property-Liability Insurance . Necessary adaptations were made to suit the present condition of the Philippine insurance industry, such as altering the variables and its components. Profit and price were used as dependent variables, while actual cost, actual revenue, agent's services, labor services, materials, equity capital, output and market concentartion were used as independent variables. Control variables include company growth, reinsurance, and advertising intensity. To determine the results of the study, a panel regression was used. Results show that the significant variables to both sectors for the dependent variable profit of the insurance industry are actual revenue, actual cost, agent's services and market concentration. The results for the dependent variable price, on the other hand shows no common less significant variables than profit. Having said this, it can be implied that the insurance industry in the Philippines is more focused and aggressive in making profit rather than having a definite pricing strategy.
format text
author Francisco, Christine Gail L.
Laurente, Zaldeleen R.
Malacca, Alyssa Camille P.
Tongco, Georgina A.
author_facet Francisco, Christine Gail L.
Laurente, Zaldeleen R.
Malacca, Alyssa Camille P.
Tongco, Georgina A.
author_sort Francisco, Christine Gail L.
title A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009
title_short A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009
title_full A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009
title_fullStr A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009
title_full_unstemmed A comparative analysis of the efficient structure hypothesis within the insurance industry: Focusing on the top eight performers of both life and non-life for the years 2005-2009
title_sort comparative analysis of the efficient structure hypothesis within the insurance industry: focusing on the top eight performers of both life and non-life for the years 2005-2009
publisher Animo Repository
publishDate 2011
url https://animorepository.dlsu.edu.ph/etd_bachelors/18355
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