ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1595 |
Resumo: | The goal of this article is to analyze the accounting and financial performance of insurance companies operating in Brazil during the year of 2007, through the use of Data Envelopment Analysis (DEA). For this, were used accounting and financial information available on the 73 largest insurance groups in Brazil from the Conjuntura Econômica Magazine (2008). The information used in the analysis are derived from a factor analysis applied to the original indexes, forming four factors: profitability, management efficiency (use of operating expenses), claims and risk (use of debt). Based on these four factors the DEA-VRS model was applied to consolidate them into a single indicator of accounting and financial performance called Accounting and Financial Performance Index (IDCF). The results show that only eight out of the 73 insurance companies examined present maximum performance indicator (IDCF = 100%). These are presumed to be efficient and serve as benchmarks for other insurance companies, in the quest for improvement in their profitability, management efficiency, claims and risk indicators. Furthermore, the results show that, even if not incisively, the better the position of the insurance company in relation to the size, the worse its position is in relation to accounting and financial performance. Finally, with 10% level of significance, the average accounting and financial performance of the 15 largest insurance companies is lower than the average accounting and financial performance of 15 smaller insurance companies. This shows, for this analysis, the condition of competitiveness of small and medium size insurance companies. |
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ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007DESEMPENHO CONTÁBIL-FINANCEIRO DE SEGURADORAS NO BRASIL: UM ESTUDO APOIADO EM ANÁLISE ENVOLTÓRIA DE DADOS (DEA) PARA O ANO DE 2007PerformanceAccounting and financial indexesDEA.DesempenhoÍndices Contábil-FinanceirosDEA. The goal of this article is to analyze the accounting and financial performance of insurance companies operating in Brazil during the year of 2007, through the use of Data Envelopment Analysis (DEA). For this, were used accounting and financial information available on the 73 largest insurance groups in Brazil from the Conjuntura Econômica Magazine (2008). The information used in the analysis are derived from a factor analysis applied to the original indexes, forming four factors: profitability, management efficiency (use of operating expenses), claims and risk (use of debt). Based on these four factors the DEA-VRS model was applied to consolidate them into a single indicator of accounting and financial performance called Accounting and Financial Performance Index (IDCF). The results show that only eight out of the 73 insurance companies examined present maximum performance indicator (IDCF = 100%). These are presumed to be efficient and serve as benchmarks for other insurance companies, in the quest for improvement in their profitability, management efficiency, claims and risk indicators. Furthermore, the results show that, even if not incisively, the better the position of the insurance company in relation to the size, the worse its position is in relation to accounting and financial performance. Finally, with 10% level of significance, the average accounting and financial performance of the 15 largest insurance companies is lower than the average accounting and financial performance of 15 smaller insurance companies. This shows, for this analysis, the condition of competitiveness of small and medium size insurance companies. Este artigo tem como objetivo analisar o desempenho contábil-financeiro de seguradoras em operação no Brasil durante o ano de 2007, através do uso da Análise Envoltória de Dados (DEA). Para isso, utiliza-se de informações contábil-financeiras disponíveis sobre os 73 maiores grupos seguradores do Brasil da Revista Conjuntura Econômica (2008). As informações utilizadas na análise são resultantes de uma análise fatorial aplicada aos índices originais, formando-se quatro fatores: lucratividade, eficiência gerencial (uso de despesas operacionais), sinistralidade e risco (de uso de capital de terceiros). Com base nestes quatro fatores aplicou-se a modelagem DEA-VRS para consolidação dos mesmos em um único indicador de performance contábil-financeiro denominado Índice de Desempenho Contábil-Financeiro (IDCF). Os resultados mostram que apenas oito das 73 seguradoras analisadas aparecem com indicador de desempenho máximo (IDCF = 100 %). Estas são tidas como eficientes e servem de benchmarks para as outras seguradoras, na busca pela melhoria em seus indicadores de lucratividade, eficiência gerencial, sinistralidade e risco. Além disso, os resultados mostram, mesmo que de forma não incisiva, que quanto melhor a posição da seguradora em relação ao tamanho, pior sua posição em relação ao desempenho contábil-financeiro. Por fim, ao nível de 10 % de significância, o desempenho contábil-financeiro médio das 15 maiores seguradoras é inferior ao desempenho contábil-financeiro médio das 15 menores seguradoras. Isso mostra, para esta análise, a condição de competitividade das seguradoras de pequeno e médio portes. Universidade Regional de Blumenau2011-06-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/159510.4270/ruc.20117Revista Universo Contábil; v. 7 n. 2 (2011); 65-841809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1595/1599Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessMacedo, Marcelo Alvaro da SilvaCavalcante, Glaydson Teixeira2011-07-31T23:33:08Zoai:ojs.bu.furb.br:article/1595Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2011-07-31T23:33:08Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 DESEMPENHO CONTÁBIL-FINANCEIRO DE SEGURADORAS NO BRASIL: UM ESTUDO APOIADO EM ANÁLISE ENVOLTÓRIA DE DADOS (DEA) PARA O ANO DE 2007 |
title |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 |
spellingShingle |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 Macedo, Marcelo Alvaro da Silva Performance Accounting and financial indexes DEA. Desempenho Índices Contábil-Financeiros DEA. |
title_short |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 |
title_full |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 |
title_fullStr |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 |
title_full_unstemmed |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 |
title_sort |
ACCOUNTING AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN BRAZIL: A STUDY BASED ON THE DATA ENVELOPMENT ANALYSIS (DEA) FOR THE YEAR OF 2007 |
author |
Macedo, Marcelo Alvaro da Silva |
author_facet |
Macedo, Marcelo Alvaro da Silva Cavalcante, Glaydson Teixeira |
author_role |
author |
author2 |
Cavalcante, Glaydson Teixeira |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Macedo, Marcelo Alvaro da Silva Cavalcante, Glaydson Teixeira |
dc.subject.por.fl_str_mv |
Performance Accounting and financial indexes DEA. Desempenho Índices Contábil-Financeiros DEA. |
topic |
Performance Accounting and financial indexes DEA. Desempenho Índices Contábil-Financeiros DEA. |
description |
The goal of this article is to analyze the accounting and financial performance of insurance companies operating in Brazil during the year of 2007, through the use of Data Envelopment Analysis (DEA). For this, were used accounting and financial information available on the 73 largest insurance groups in Brazil from the Conjuntura Econômica Magazine (2008). The information used in the analysis are derived from a factor analysis applied to the original indexes, forming four factors: profitability, management efficiency (use of operating expenses), claims and risk (use of debt). Based on these four factors the DEA-VRS model was applied to consolidate them into a single indicator of accounting and financial performance called Accounting and Financial Performance Index (IDCF). The results show that only eight out of the 73 insurance companies examined present maximum performance indicator (IDCF = 100%). These are presumed to be efficient and serve as benchmarks for other insurance companies, in the quest for improvement in their profitability, management efficiency, claims and risk indicators. Furthermore, the results show that, even if not incisively, the better the position of the insurance company in relation to the size, the worse its position is in relation to accounting and financial performance. Finally, with 10% level of significance, the average accounting and financial performance of the 15 largest insurance companies is lower than the average accounting and financial performance of 15 smaller insurance companies. This shows, for this analysis, the condition of competitiveness of small and medium size insurance companies. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-06-29 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1595 10.4270/ruc.20117 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1595 |
identifier_str_mv |
10.4270/ruc.20117 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1595/1599 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 7 n. 2 (2011); 65-84 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
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1798945115467677696 |