The operational efficiency analysis of insurance companies in Thailand

© 2017 American Scientific Publishers All rights reserved. An insurance company has competitively offered many products and services suitable for lifestyle of Thai people. Many researchers have devoted several years to study an operational efficiency of insurance companies, focusing on the productio...

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Main Author: Anupong Wongchai
Format: Journal
Published: 2018
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http://cmuir.cmu.ac.th/jspui/handle/6653943832/46637
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Institution: Chiang Mai University
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spelling th-cmuir.6653943832-466372018-04-25T07:36:05Z The operational efficiency analysis of insurance companies in Thailand Anupong Wongchai Energy Engineering Environmental Science Mathematics Agricultural and Biological Sciences Arts and Humanities © 2017 American Scientific Publishers All rights reserved. An insurance company has competitively offered many products and services suitable for lifestyle of Thai people. Many researchers have devoted several years to study an operational efficiency of insurance companies, focusing on the production technologies. This study employed an approach of two-stage data envelopment analysis (DEA) which divided a whole manufacturing process into two sub-stages; comprising of a production efficiency and profit efficiency. The secondary data of 13 companies were collected from the Stock Exchange of Thailand, starting from 2011–2015. The results showed that the SCBLIF and Falcon’s companies had the highest scores in both sub-stages. In light of the stage of production efficiency, it had a higher score of 0.8710 which was higher than the stage of profit efficiency (0.5550). Therefore, it could be concluded that the stage of profit efficiency was the main cause of an operational inefficiency for Thai insurance companies. Later on, the study applied the matrix of Boston Consulting Group (BCG) to explore the growth rate of production and profitability. The BCG matrix has explicitly provided a manager with benefit strategies to improve a better performance for Thai insurance companies in becoming a price leader and earn more money in the next future. 2018-04-25T06:58:42Z 2018-04-25T06:58:42Z 2017-11-01 Journal 19367317 19366612 2-s2.0-85040934772 10.1166/asl.2017.10118 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85040934772&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/46637
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
topic Energy
Engineering
Environmental Science
Mathematics
Agricultural and Biological Sciences
Arts and Humanities
spellingShingle Energy
Engineering
Environmental Science
Mathematics
Agricultural and Biological Sciences
Arts and Humanities
Anupong Wongchai
The operational efficiency analysis of insurance companies in Thailand
description © 2017 American Scientific Publishers All rights reserved. An insurance company has competitively offered many products and services suitable for lifestyle of Thai people. Many researchers have devoted several years to study an operational efficiency of insurance companies, focusing on the production technologies. This study employed an approach of two-stage data envelopment analysis (DEA) which divided a whole manufacturing process into two sub-stages; comprising of a production efficiency and profit efficiency. The secondary data of 13 companies were collected from the Stock Exchange of Thailand, starting from 2011–2015. The results showed that the SCBLIF and Falcon’s companies had the highest scores in both sub-stages. In light of the stage of production efficiency, it had a higher score of 0.8710 which was higher than the stage of profit efficiency (0.5550). Therefore, it could be concluded that the stage of profit efficiency was the main cause of an operational inefficiency for Thai insurance companies. Later on, the study applied the matrix of Boston Consulting Group (BCG) to explore the growth rate of production and profitability. The BCG matrix has explicitly provided a manager with benefit strategies to improve a better performance for Thai insurance companies in becoming a price leader and earn more money in the next future.
format Journal
author Anupong Wongchai
author_facet Anupong Wongchai
author_sort Anupong Wongchai
title The operational efficiency analysis of insurance companies in Thailand
title_short The operational efficiency analysis of insurance companies in Thailand
title_full The operational efficiency analysis of insurance companies in Thailand
title_fullStr The operational efficiency analysis of insurance companies in Thailand
title_full_unstemmed The operational efficiency analysis of insurance companies in Thailand
title_sort operational efficiency analysis of insurance companies in thailand
publishDate 2018
url https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85040934772&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/46637
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