The non-life insurance companies indemnify the properties from the risk of being damaged due to unforeseen events like natural calamity or accidents. The probability of bankruptcy is imminent on account of large, unprecedented claims. As a risk saver of various society stakeholders, these insurers must be efficient while managing the insurance business. The present research thrusts upon to evaluate the efficiency and decomposition that would further direct the insurers towards achieving optimal scale. Thus, the captioned research aims to measure and rank the technical efficiency of the general insurance firms of Ethiopia and evaluate and analyze their relative efficiencies. The research adopts a quantitative approach and deploys descriptive analysis by a panel data of 17 Ethiopian general insurers for the period 2005-2016 on the input-output-oriented approach of Data Envelopment Analysis (DEA). The data of general insurance are obtained using stratified sampling from the mix of life and general category. The inputs employed are total expenses, total liabilities, and shareholder’s fund, while net premiums earned and income from investments are used as outputs. The findings reveal that the public insurer is technically efficient by operating at an optimal scale as compared to all private insurers who, in turn, experience pure technical inefficiency to scale inefficiency due to poor management practices and erroneous utilization of input materials. Increasing Returns to Scale (IRS) witnessed a major form of scale inefficiency in 2016. Private insurers should increase capital and size of assets, cost efficiency, and improve key management skills.
AcknowledgmentThe authors express their thanks of gratitude for the support extended by Ethiopia’s insurance companies’ officials to provide the hard copies of published annual reports up to 2016 as the secondary data are not available after that year’s analysis.
Any country’s environmental problems are related to the level of its economic development, the availability of natural resources and the lifestyle of its population. In India, rapid growth of population, poverty, urbanization, industrialization and several related factors are responsible for the rapid degradation of the environment. Environmental problems have become serious in many parts of the country, and hence cannot be ignored. 80% of the total population of Odisha, a state of Eastern India depends on agriculture. But most of them are small and marginal farmers. 48% farmer’s households are indebted. The state in reality is the second poorest state in India today, next only to Bihar. Industrialization is the only alternative to develop the economic status of the state but the darker side of it is environmental pollution. Hence if growth of industry can be accelerated along with environmental protection then a balance can be maintained. So this paper examines the growth of cottage industries in the state of Odisha through different statistical analysis as this is an ecofriendly industry and simultaneously a prospective area for the growth of indigenous talent.
To establish coaching and mentoring needs in mergers and acquisitions (M&A) and how it affects organizations variables: transform, communications, management, customs and anxiety. This paper compiles scholarly narrative with meticulous orientation to the most frequent trouble organization encounter throughout M&A execution. Coaching and mentoring are essential for booming M&A execution and implementation are acknowledged: management, communication and faith, managerial customs, and stress. This paper provide organization insight on to get ready for M&A to plan a coaching and mentoring method in order to reach the likely post M&A gain and opportunity with a time bound method. It is essential that coaching and mentoring help to make better communication and leadership for overcoming challenges in M&A.
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