Analisis Efisiensi Asuransi Jiwa Syariah di Indonesia dengan Metode Data Envelopment Analysis (DEA)

Abstract

This study aims to analyze the efficiency level of Sharia life insurance and examine the influence of input and output variables on the growth rate of Sharia life insurance. The input variables consist of operating expenses, Tabarru’ funds, and total assets, while the output variable consists of business income. The study uses secondary data derived from the financial reports of Sharia life insurance companies during the 2018-2023 period. The objects in this research include five Sharia life insurance companies. To assess the efficiency level, the study employs the Data Envelopment Analysis (DEA) method, utilizing two model approaches: Constant Returns to Scale (CRS) and Variable Returns to Scale (VRS). The results indicate that out of the five Sharia life insurance companies, only PT. Capital Life Syariah stands out, as it achieved a 100% efficiency level during the six-year period under both the CRS and VRS models.