Fuat ÇAMLIBEL / EVALUATION OF LIFE AND PENSION COMPANIES’ PERFORMANCE WITH SD AND MARCOS METHODS

Abstract

This study aims to evaluate the performance of life and pension companies operating in the Turkish insurance sector with a hybrid decision model consisting of SD and MARCOS procedures. Within the framework of the proposed performance evaluation model, the criteria selected in line with the previous literature are weighted using the SD procedure. Then, the weight coefficients obtained from the SD procedure are integrated into the MARCOS model, and the performance of the companies in the sample is compared and ranked. SD results demonstrate that the most efficient criterion for a company’s performance is the total debts criterion. In addition, Garanti Pension and Life and Ziraat Life and Pension companies have demonstrated superior financial performance compared to other companies during the five-year period analyzed.

Keywords

Life and Pension Companies, Multi-Criteria performance analysis, SD, MARCOS

JEL Classification

G22, C44.

How to cite this article: Çamlıbel, F. (2022). Evaluation of life and pension companies’ performance with SD and MARCOS methods. International Journal of Insurance and Finance, 2(2), 1-16. https://doi.org/10.52898/ijif.2022.6