Efficiency of Insurance Lines in the Slovak Republic

The study is focused on the efficiency of non-life insurance lines and life insurance lines of commercial insurance companies in the Slovak Republic in the times of global financial and economic crisis. It compares the efficiency scores of insurance lines on the Slovak insurance market. Data envelopment analysis (DEA) was used in order to reflect the efficiency scores. The following characteristics are taking into account in our analysis premium, claims and administrative costs. The analysis will also review the differences in relative efficiency in different years and relative differences of specific subgroups of insurance lines. The result will determine the specifics of non-life and life insurance. This will provide information which can contribute to spread of knowledge of the insurance market in Slovakia.