International Journal of Business Economics and Management Perspectives


The individual pension system covers the management of the funds invested by the participants on a voluntarily basis. These funds are important in terms of increasing the country's savings rate as well as increasing the welfare of individuals and the country with the transformation of funds into capital market investments. In recent years, states have increasingly supported the private pension system to provide resources to the investments and increase the saving rates. The aim of this study is to measure the effectiveness of individual pension companies in Turkey between the years 2011-2016 with data envelopment analysis method. In the analysis phase, while total assets, equity and contribution rates were used as input variables, premium production and investment income were used as output variables. The majority of companies included in the analysis in the first years were below the efficiency limit and in the following years an increase was observed in the efficiency values of the related companies.


Private Pension System, Data Envelopment Analysis, Efficiency, Productivity, Insurance.

Number of pages: 102-113
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International Journal of Business Economics and Management Perspectives
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