International expansion boosts efficiency in Swiss insurance industry, study finds.
The article examines the efficiency and productivity of Swiss insurance companies in different sectors from 1997–2013. They found that productivity has improved in property/casualty and reinsurance sectors, but not in life insurance. Internationalization of insurance business positively impacts efficiency. Being a small specialist or a large diversified company is optimal for efficiency. These findings are important for Swiss insurance companies, regulators, policymakers, academics, and practitioners in other countries.