The impact of oil prices and the financial market on cost efficiency in the insurance and Takaful sectors: evidence from a stochastic frontier analysis

• Main Authors: Alshammri, Ahmad Alrazni, Syed Jaafar Alhabshi, Syed Musa, Saiti, Buerhan
• Format: Article
• Language: English; English; English
• Published: Elsevier B.V. 2019
• Subjects: HF5469 Markets. Fairs
• Online Access: http://irep.iium.edu.my/79863/1/79863_The%20impact%20of%20oil%20prices.pdf; http://irep.iium.edu.my/79863/2/79863_The%20impact%20of%20oil%20prices_SCOPUS.pdf; http://irep.iium.edu.my/79863/3/79863_The%20impact%20of%20oil%20prices_WOS.pdf; http://irep.iium.edu.my/79863/; https://www.sciencedirect.com/science/article/abs/pii/S0939362518301985

The Gulf Cooperation Council's (GCC) insurance industry, including conventional insurance and Takaful, has witnessed remarkable growth during the last decade. However, the economies of this region rely on oil as the primary stream of revenue and lack development in financial markets. This could...