A ranking method based on data envelopment analysis for classification the insurers risk in Saman insurance company

Insurance industry is one of the most important factors for the economic development of the countries. For example, insurance industry can be important for the stability of financial systems mainly because they are large investors in financial markets, because there are growing links between insurers and banks and because insurers are safeguarding the financial stability of households and firms by insuring their risks. This paper focuses on the efficiency evaluation of the insurance industry. For this purpose, we use the dataset of the car insurance policies of Saman Insurance Company during the years 2018-2019 and implements an extended cross efficiency method to rank the insured for prediction the risk of insurers in terms of existence of damage risk or absence of damage risk.