Analysis of the Performance of Insurance Companies in Serbia Based on the Ahp-Topsis Method

Abstract

Evaluation of the performance of insurance companies based on multi-criteria analysis methods represents a kind of research challenge. With this in mind, the paper investigates the effi ciency of insurance companies in Serbia using the AHP-TOPSIS method. According to the results of empirical research on the performance of insurance companies in Serbia using the TOPSIS method, the top fi ve are in order: ĐENERALI OSIGURANJE SRBIJA, DUNAV OSIGURANJE, GRAWE, DDOR NOVI SAD and WINER STADTISCHE. The company TRIGLAV is in the worst position. Such a ranking of the observed insurance companies in Serbia according to the AHP-TOPSIS method was infl uenced by numerous macro and micro factors. Their effective control can certainly signifi cantly infl uence the achievement of the target performance of insurance companies in Serbia

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