Measuring Efficiency of Conventional Life Insurance Companies in Bangladesh and Takaful Life Insurance Companies in Malaysia : A Non-Parametric Approach

This study is conducted to measure the actual efficiency comparison of life insurance company between Bangladesh and Malaysia. Total 15 life insurance companies’ were selected for the study where 10 conventional life insurance companies’ from Bangladesh and 5 Takaful life insurance companies’ from Malaysia . Authors tried to indicate the problems and way to get exact solutions by using Data Envelopment Analysis (DEA) & Malmquist index to differentiate the contributions of technical change, efficiency change, the pure and scale changes to total factor productivity growth. And some others different way: like their constant return to scale, variable return to scale and operating efficiencies and attempt to show PECH & SECH and in ending of analysis summary of the total life insurances company. Later we used some graph figure to make the study clear and try to evaluate the market position by measuring the efficiencies. This work will help to understand and rethink about life insurances companies of both countries.