Decisiveness of Ownership on the Efficiency in Non-Life Insurance Companies

WOS: 000512302900004Efficiency is decisive on firms' achievements in their own domain of business. The aim of this study is to understand the technical, scale and total activities of the insurance companies operating in the non-life insurance sector of Turkey and to determine whether there is a difference in the efficiency of the companies according to their ownership structure for the period 2013-2017. Based on the results of the analysis, while Allianz Insurance Inc., Aksigorta Inc., and Anadolu Incorporated Turk Insurance Company possess technical efficiency, Magdeburger Insurance Inc., Koru Insurance Inc. and Ziraat Insurance Inc. display technical, scale and total efficiency. Moreover, it has also determined that there is a difference between domestic national insurance companies and foreign insurance companies in terms of technical efficiency and total efficiency whereas no significant difference is observed among them in terms of scale efficiency