Efficiency of Oman Insurance Market

The aim of this research is to analyze the performance of the insurance sector in Oman and do a comparative analysis for its different units. This study analyses the cost, revenue, and technical efficiency of insurance firm in Oman using DEA and Malmquist Indices to decompose the change of the efficiency into a component reflecting the individual change in technical efficiency and a second component reflecting the impact of the change in the market technology on the technical efficiencies of insurance firms in Oman. The research also will identify best practices in insurance operations and over and under-utilization of resources by Oman insurers.