THE EFFICIENCY ANALYSIS OF ISLAMIC GENERAL INSURANCE IN INDONESIA USING DATA ENVELOPMENT ANALYSIS (DEA) METHOD

Abstract

This study aims to see the level of efficiency of general Islamic insurance in Indonesia using the Data Envelopment Analysis (DEA) method. This study uses the assumption of Variable Return to Scale (VRS) and uses the input variables of total assets and operating expenses. While the output used is profit. This study uses 5 samples of Islamic general insurance that have the largest assets during the 2017-2019 period. The results of this study show that the average efficiency of general Islamic insurance fluctuates. The low level of efficiency is because the company has not been able to maximize the use of its inputs and outputs..