ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005

Detalhes bibliográficos
Autor(a) principal: Thomaz de Almeida Monteiro, Ana Carolina
Data de Publicação: 2013
Outros Autores: da Silva Macedo, Marcelo Alvaro
Tipo de documento: Artigo
Idioma: por
Título da fonte: REAd (Porto Alegre. Online)
Texto Completo: https://seer.ufrgs.br/index.php/read/article/view/39186
Resumo: This paper has as aim the evaluation of the brazilian insurance market efficiency in the year of 2005, through a comparative analysis, by segment, of Life and Providence, Health and General insurance companies. For that, based on the data extracted from the Valor Financeiro 2006 magazine, were built the base-indicators of the study, which are: Benefits Expenses, Claim Ratio, Operational Gain and Financial Gain. The analysis methodology used was the DEA (Data Envelopment Analysis), the CRS model, with output and input orientation. The results show that the operational gain is pointed as a major trouble of the insurance companies of all sectors analyzed, although this happens with less intensity in the Health sector. This way, it is concluded that the majority of the insurance institutions have their performance kept by the financial results, with the exception of the Health sector, the only one to show operational gains able to, by themselves, become positive the results of the institutions. Besides, the differences about the performance, concerning the variation of sizes and the relation with the major financial groups, were irrelevant. It means that the small institutions have full conditions of survival and competitiveness, because it is not the size that creates the competitiveness, but the high performance.
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spelling ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005DESEMPEÑO ORGANIZACIONAL DEL SECTOR DE SEGUROS EN BRASIL: APLICANDO DEA A LAS INFORMACIONES CONTABLE-FINANCIERAS DEL AÑO DE 2005DESEMPENHO ORGANIZACIONAL DO SETOR DE SEGUROS NO BRASIL: APLICANDO DEA ÀS INFORMAÇÕES CONTÁBIL-FINANCEIRAS DO ANO DE 2005Desempenho OrganizacionalSeguradorasAnálise Envoltória de DadosInformações Contábil-FinanceirasDEAOrganizational PerfomanceInsurance CompaniesData Envelopment AnalysisFinancial and Accounting InformationDEADesempeño OrganizacionalAseguradorasAnálisis Envoltorio de DatosInformaciones Contable-FinancierasDEAThis paper has as aim the evaluation of the brazilian insurance market efficiency in the year of 2005, through a comparative analysis, by segment, of Life and Providence, Health and General insurance companies. For that, based on the data extracted from the Valor Financeiro 2006 magazine, were built the base-indicators of the study, which are: Benefits Expenses, Claim Ratio, Operational Gain and Financial Gain. The analysis methodology used was the DEA (Data Envelopment Analysis), the CRS model, with output and input orientation. The results show that the operational gain is pointed as a major trouble of the insurance companies of all sectors analyzed, although this happens with less intensity in the Health sector. This way, it is concluded that the majority of the insurance institutions have their performance kept by the financial results, with the exception of the Health sector, the only one to show operational gains able to, by themselves, become positive the results of the institutions. Besides, the differences about the performance, concerning the variation of sizes and the relation with the major financial groups, were irrelevant. It means that the small institutions have full conditions of survival and competitiveness, because it is not the size that creates the competitiveness, but the high performance.Este artículo tiene como objetivo la evaluación de la eficiencia del mercado segurador brasileño en el año de 2005, a través de un análisis comparativo, por segmento, de las aseguradoras de Vida y Prevención, Salud y Generales. Para tanto, con base en los datos extraídos de la revista Valor Financiero de 2006, fueron construidos los indicadores base del estudio, que son: Gasto con Beneficios, Siniestralidad, Ganancia Operacional y Ganancia Financiero. La metodología de análisis utilizada fue la DEA (Análisis Envoltorio de Datos), modelo CRS, orientado tanto para output, cuanto para input. Los resultados muestran que o lucro operacional se presenta como un gran problema de las aseguradoras de todos los segmentos analizados, sin embargo eso ocurre con menor intensidad en el segmento de Salud. De esa forma, se concluyó que mayoría de las instituciones aseguradoras tiene sus desempeños mantenidos por resultados financieros, con excepción del segmento de Salud, el único a presentar ganados operacionales capaces de, por sí sólo, volver positivos los resultados de estas instituciones. Además, no se mostraron estadísticamente significativas, las diferencias de desempeño provenientes de variaciones en el tamaño y en la relación con grandes conglomerados financieros. Eso quiere decir que las instituciones de menor porte poseen totales condiciones de supervivencia y de competición, pues no es el tamaño que genera la competitividad, pero sí el desempeño superior.Este artigo tem como objetivo a avaliação da eficiência do mercado segurador brasileiro no ano de 2005, através de uma análise comparativa, por segmento, das seguradoras de Vida e Previdência, Saúde e Gerais. Para tanto, com base nos dados extraídos da revista Valor Financeiro de 2006, foram construídos os indicadores  base do estudo, que são: Gasto com Benefícios, Sinistralidade, Ganho Operacional e Ganho Financeiro. A metodologia de análise utilizada foi a DEA (Análise Envoltória de Dados), modelo CRS, orientado tanto para output, quanto para input. Os resultados mostram que o ganho operacional se apresenta como um grande problema das seguradoras de todos os segmentos analisados, porém isso acontece com menor intensidade no ramo Saúde. Dessa forma, concluiu-se que maioria das instituições seguradoras tem seus desempenhos mantidos por resultados financeiros, com exceção do segmento Saúde, o único a apresentar ganhos operacionais capazes de, por si só, tornarem positivos os resultados destas instituições. Além disso, não se mostraram estatisticamente significativas, as diferenças de desempenho provenientes de variações no tamanho e no relacionamento com grandes conglomerados financeiros. Isso quer dizer que as instituições de menor porte possuem totais condições de sobrevivência e de competição, pois não é o tamanho que gera a competitividade, mas sim o desempenho superior.Universidade Federal do Rio Grande do Sul2013-04-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionscientific articlearticulo científicoAvaliado pelos paresartigo científicoapplication/pdfhttps://seer.ufrgs.br/index.php/read/article/view/39186Electronic Review of Administration; Vol. 15 No. 1 (2009): Edição 62 - jan/abr 2009; 199-229Revista Electrónica de Administración; Vol. 15 Núm. 1 (2009): Edição 62 - jan/abr 2009; 199-229Revista Eletrônica de Administração; v. 15 n. 1 (2009): Edição 62 - jan/abr 2009; 199-2291413-23111980-4164reponame:REAd (Porto Alegre. Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/read/article/view/39186/28492Thomaz de Almeida Monteiro, Ana Carolinada Silva Macedo, Marcelo Alvaroinfo:eu-repo/semantics/openAccess2014-02-12T16:59:32Zoai:seer.ufrgs.br:article/39186Revistahttp://seer.ufrgs.br/index.php/read/indexPUBhttps://seer.ufrgs.br/read/oaiea_read@ufrgs.br1413-23111413-2311opendoar:2014-02-12T16:59:32REAd (Porto Alegre. Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
DESEMPEÑO ORGANIZACIONAL DEL SECTOR DE SEGUROS EN BRASIL: APLICANDO DEA A LAS INFORMACIONES CONTABLE-FINANCIERAS DEL AÑO DE 2005
DESEMPENHO ORGANIZACIONAL DO SETOR DE SEGUROS NO BRASIL: APLICANDO DEA ÀS INFORMAÇÕES CONTÁBIL-FINANCEIRAS DO ANO DE 2005
title ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
spellingShingle ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
Thomaz de Almeida Monteiro, Ana Carolina
Desempenho Organizacional
Seguradoras
Análise Envoltória de Dados
Informações Contábil-Financeiras
DEA
Organizational Perfomance
Insurance Companies
Data Envelopment Analysis
Financial and Accounting Information
DEA
Desempeño Organizacional
Aseguradoras
Análisis Envoltorio de Datos
Informaciones Contable-Financieras
DEA
title_short ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
title_full ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
title_fullStr ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
title_full_unstemmed ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
title_sort ORGANIZATIONAL PERFORMANCE OF THE BRAZILIAN INSURANCE SECTOR: APPLYING DEA TO THE FINANCIAL AND ACCOUNTING INFORMATION OF 2005
author Thomaz de Almeida Monteiro, Ana Carolina
author_facet Thomaz de Almeida Monteiro, Ana Carolina
da Silva Macedo, Marcelo Alvaro
author_role author
author2 da Silva Macedo, Marcelo Alvaro
author2_role author
dc.contributor.author.fl_str_mv Thomaz de Almeida Monteiro, Ana Carolina
da Silva Macedo, Marcelo Alvaro
dc.subject.por.fl_str_mv Desempenho Organizacional
Seguradoras
Análise Envoltória de Dados
Informações Contábil-Financeiras
DEA
Organizational Perfomance
Insurance Companies
Data Envelopment Analysis
Financial and Accounting Information
DEA
Desempeño Organizacional
Aseguradoras
Análisis Envoltorio de Datos
Informaciones Contable-Financieras
DEA
topic Desempenho Organizacional
Seguradoras
Análise Envoltória de Dados
Informações Contábil-Financeiras
DEA
Organizational Perfomance
Insurance Companies
Data Envelopment Analysis
Financial and Accounting Information
DEA
Desempeño Organizacional
Aseguradoras
Análisis Envoltorio de Datos
Informaciones Contable-Financieras
DEA
description This paper has as aim the evaluation of the brazilian insurance market efficiency in the year of 2005, through a comparative analysis, by segment, of Life and Providence, Health and General insurance companies. For that, based on the data extracted from the Valor Financeiro 2006 magazine, were built the base-indicators of the study, which are: Benefits Expenses, Claim Ratio, Operational Gain and Financial Gain. The analysis methodology used was the DEA (Data Envelopment Analysis), the CRS model, with output and input orientation. The results show that the operational gain is pointed as a major trouble of the insurance companies of all sectors analyzed, although this happens with less intensity in the Health sector. This way, it is concluded that the majority of the insurance institutions have their performance kept by the financial results, with the exception of the Health sector, the only one to show operational gains able to, by themselves, become positive the results of the institutions. Besides, the differences about the performance, concerning the variation of sizes and the relation with the major financial groups, were irrelevant. It means that the small institutions have full conditions of survival and competitiveness, because it is not the size that creates the competitiveness, but the high performance.
publishDate 2013
dc.date.none.fl_str_mv 2013-04-22
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
scientific article
articulo científico
Avaliado pelos pares
artigo científico
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/read/article/view/39186
url https://seer.ufrgs.br/index.php/read/article/view/39186
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/read/article/view/39186/28492
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade Federal do Rio Grande do Sul
publisher.none.fl_str_mv Universidade Federal do Rio Grande do Sul
dc.source.none.fl_str_mv Electronic Review of Administration; Vol. 15 No. 1 (2009): Edição 62 - jan/abr 2009; 199-229
Revista Electrónica de Administración; Vol. 15 Núm. 1 (2009): Edição 62 - jan/abr 2009; 199-229
Revista Eletrônica de Administração; v. 15 n. 1 (2009): Edição 62 - jan/abr 2009; 199-229
1413-2311
1980-4164
reponame:REAd (Porto Alegre. Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str REAd (Porto Alegre. Online)
collection REAd (Porto Alegre. Online)
repository.name.fl_str_mv REAd (Porto Alegre. Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ea_read@ufrgs.br
_version_ 1799766202530136064

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