A Two-Stage DEA to Analyze the Effect of Entrance Deregulation on Iranian Insurers: A Robust Approach

<table>Comparison between capital structure and efficiency for different types of insurance company Financial Leverage Index (FLI), a ratio indicating the capital structure, is defined as the ratio between assets to equity.</table>

Mathematical Problems in Engineering

fig5

Figure 5

Figure 5: A Two-Stage DEA to Analyze the Effect of Entrance Deregulation on Iranian Insurers: A Robust Approach 