Evaluation of the post- earthquake performance of insurance companies with DEA: 2021-2024 period

Authors : İrem Ak, Tunahan Avcı

Pages : 198-211

Doi:10.58308/bemarej.1738345

View : 216 | Download : 457

Publication Date : 2025-11-30

Article Type : Research Paper

Abstract :This study aims to measure the effectiveness of the insurance sector after the 6 February 2023 Kahramanmaraş earthquakes. Considering the economic impacts of frequent earthquakes in Turkey, it is of great importance for the insurance sector to be prepared for disasters. In this context, the efficiency levels of six companies in the BIST Insurance Index for the period 2021-2024 were evaluated by Data Envelopment Analysis (DEA) method. Total, technical and scale efficiency scores were calculated with output-oriented CCR and BCC models. The number of employees and total assets are used as input variables, while net profit and total premium production are used as output variables. According to the results, Ray, Türkiye and AK Sigorta generally obtained the highest efficiency scores, while AGESA had the lowest values. In addition, it was determined which efficient firms should be taken as an example by inefficient companies. The findings reveal that insurance companies should increase their outputs by utilising their existing resources efficiently and thus increase their competitiveness. The study contributes to the strategy development process by providing an analytical assessment of post-disaster sector performance.
Keywords : Veri Zarflama Analizi, Sigorta Sektörü, Deprem

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