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Performance Ranking of Turkish Life Insurance Companies Using AHP and TOPSIS

Author

Listed:
  • Ilyas Akhisar

    (Marmara University, Turkey)

  • Necla Tunay

    (Marmara University, Turkey)

Abstract

The need for ongoing performance measurement and the determination of the key factors related with efficiency and effectiveness of firm is substantial in consequence of globalization and the competition for the firms. Traditionally, different sectors have their own performance measurement criteria in terms of financial ratios focusing on the success of a business in the sector. The study makes a framework for measurement taking into account the factors of the Turkish life insurance sector and determining the effects of parameters on the performance. In order to find the performance rank of the life insurance companies in Turkey according to financial ratios weights for each company, we use AHP and TOPSIS method. Performance scores of life insurance companies were obtained by TOPSIS related with companies’ weighted financial ratios. Consequently, the performances of the insurance companies weren't changed during analyzed period.

Suggested Citation

  • Ilyas Akhisar & Necla Tunay, 2015. "Performance Ranking of Turkish Life Insurance Companies Using AHP and TOPSIS," MIC 2015: Managing Sustainable Growth; Proceedings of the Joint International Conference, Portorož, Slovenia, 28–30 May 2015,, University of Primorska, Faculty of Management Koper.
    • Handle: RePEc:mgt:micp15:241-250
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    References listed on IDEAS

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    Cited by:

    1. Melis Ercan & Emrah Onder, 2016. "Ranking Insurance Companies in Turkey Based on Their Financial Performance Indicators Using VIKOR Method," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(2), pages 104-113, April.

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