AN INTEGRATED MULTI-CRITERIA DECISION MAKING MODEL (MCDM) FOR FINANCIAL PERFORMANCE MONITORING IN THE EUROPEAN INSURANCE SECTOR

Özet

The insurance sector ranks as one of the largest institutional investors in financial markets and significantly influences these markets. In Europe, particularly in industrialized countries, the insurance industry accounts for a sizable portion of the financial system. The purpose of this study is to assess and evaluate the performance of the insurance industry in the European Union. In today’s world, the use of multi-criteria decision-making models (MCDM) is a common method for analyzing the performance of insurance companies. In this article, PSI, LOPCOW, and AROMAN methodologies are used to evaluate the performance of European insurance businesses. This study is based on data from the European insurance sector. Also the study utilizes a temporal framework covering the years from 2004 to 2020. The statistics were compiled from papers available on the European Insurance Association’s website. The study demonstrates that, while the insurance sector is critical to financial markets, it is also influenced by changes in the economy and financial markets.

Abstract

The insurance sector ranks as one of the largest institutional investors in financial markets and significantly influences these markets. In Europe, particularly in industrialized countries, the insurance industry accounts for a sizable portion of the financial system. The purpose of this study is to assess and evaluate the performance of the insurance industry in the European Union. In today’s world, the use of multi-criteria decision-making models (MCDM) is a common method for analyzing the performance of insurance companies. In this article, PSI, LOPCOW, and AROMAN methodologies are used to evaluate the performance of European insurance businesses. This study is based on data from the European insurance sector. Also the study utilizes a temporal framework covering the years from 2004 to 2020. The statistics were compiled from papers available on the European Insurance Association’s website. The study demonstrates that, while the insurance sector is critical to financial markets, it is also influenced by changes in the economy and financial markets.

Yazarlar

Esengül SALİHOĞLU, Mehmet Zafer TAŞCI

Anahtar Kelimeler

Financial markets, Insurance sector, MCDM, PSI, LOPCOW, AROMAN

JEL Codes

B23, G22

Yayın Bilgileri

Cilt 5, Sayı 2, 2025 · Sayfa 49-62

DOI: 10.52898/ijif.2025.9

Dosyalar