Analysis of the efficiency of insurance companies in Serbia using the fuzzy AHP and TOPSIS methodsReport as inadecuate




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Economic research - Ekonomska istraživanja, Vol.30 No.1 January 2017. online first -

The aim of this study is to propose a fuzzy multi-criteria model that

will facilitate the assessment of insurance companies’ efficiency. This

study includes all companies operating within the insurance sector in

Serbia in the period from 2007 to 2014 and the data were used from

the published financial statements of insurance companies. Five key

indicators were identified for the assessment and rating of insurance

companies. Fuzzy Analytic Hierarchy Process FAHP and Technique for

Order Performance by Similarity to Ideal Solution TOPSIS were used

for building the proposed model. In the first stage, priority weights of

criteria were defined by using the FAHP, while in the second phase the

insurance companies were ranked using the TOPSIS method.

Insurance companies; Financial performances; Fuzzy logic; Multi-criteriadecision-making methods; FAHP; TOPSIS



Author: Ksenija Mandić - Boris Delibašić - Snežana Knežević - Sladjana Benković -

Source: http://hrcak.srce.hr/



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