International P/L Insurance Output, Input, and Productivity Comparisons

This research provides (bilateral) divisia and multilateral divisia indexes of output, input, and productivity for the property-liability (P-L) insurance industry for the following countries: United States, West Germany, Switzerland, France, and Japan. The time period studied is 1975 to 1987. The results indicate that considerable diversity exists among different countries, with Japan showing the weakest productivity growth. The United States and West Germany are associated overall with high productivity. The Geneva Papers on Risk and Insurance Theory (1991) 16, 179–200. doi:10.1007/BF02386306