Technical Efficiency of Indian Life Insurance Companies-A Bootstrap DEA Approach

Since the Indian life insurance sector deregulated only recently, the number of players in the life insurance market is quite small and efficiency studies are based on a small set of observation. One way overcoming this small size problem is to perform bootstrap DEA. The present study, accordingly, compares the performance of the in-sample life insurance companies both on the basis of an original sample and its replications through bootstrap. The study also find out the upper and lower bounds of technical efficiency scores in the context of a 95% confidence interval.