Assistant Professor in the, Department of Accounting and Information Systems, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh, Bangladesh
*Email: razuahmed99@yahoo.com
Online published on 6 July, 2016.
In this article, an endeavor has been taken to measure the financial efficiency of non-life insurers in Bangladesh to understand the level of efficiency. The CARAMEL ratios, as a whole, revealed that the RICL was in top position among the selected companies and financially most efficient. So, all the nonlife companies operating in Bangladesh have some learning from RICL. On the other hand overall financial efficiency of the selected companies showed that ELICL, PICL, MICL, BGICL, FICL, EICL, CICL and KICL stood 2nd, 3rd, 4th, 5th, 6th, 7th, 8th and 9th position respectively. Analysis of Variance (ANOVA) revealed significant differences among the companies for all the CARAMEL ratios but insignificant no differences among years due to different operational efficiency of different companies during the study period.
Insurance, Financial Efficiency, CARAMEL Ratios, Non-life and ANOVA
