PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH

Autor: Davorka Davosir Pongrac, Višnja Vojvodić Rosenzweig, Hrvoje Volarević
Jazyk: angličtina
Rok vydání: 2013
Předmět:
Zdroj: Croatian Operational Research Review, Vol 4, Iss 1, Pp 142-152 (2013)
Druh dokumentu: article
ISSN: 1848-0225
1848-9931
Popis: This paper will perform a multi-criteria analysis of the insurance sector in the Republic of Croatia. The analysis is performed based on five indicators for the eight largest insurance companies in Croatia. The multicriteria business performance is calculated with use of a score, the weighted sum of relative values of indicators. The score is obtained by calculating weights as a solution of a goal programming problem. The goal of a specific insurance company is to increase the value of an indicator in comparison to it’s value a year before. Hence, some insurance companies have more goals that they wish to obtain. The results reveal that the Croatian insurance sector has given the highest priority to return on investment and return on equity for 2011.
Databáze: Directory of Open Access Journals