Performance evaluation of non-life insurance companies with Best-Worst method and TOPSIS
Like in any other field, performance of a company in the insurance industry is the key factor
of gaining competitive advantage and market share. In this study, insurance companies are
ranked according to their 2016 performance indicators using a two-step hybrid MCDM
method including BWM and TOPSIS. Only the non-life insurance companies are used in the
study. BWM is one of the relatively new MCDM methods, which has an advantage of using
less comparison, measuring the consistency between the pair-wise comparisons and giving …
of gaining competitive advantage and market share. In this study, insurance companies are
ranked according to their 2016 performance indicators using a two-step hybrid MCDM
method including BWM and TOPSIS. Only the non-life insurance companies are used in the
study. BWM is one of the relatively new MCDM methods, which has an advantage of using
less comparison, measuring the consistency between the pair-wise comparisons and giving …
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