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Croatian Operational Research Review, Vol. 4 No. 1, 2013

Original scientific paper

PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH

Davorka Davosir Pongrac ; Zagreb School of Economics and Management, Zagreb, Croatia
Višnja Vojvodić Rosenzweig ; Zagreb School of Economics and Management, Zagreb, Croatia
Hrvoje Volarević   ORCID icon orcid.org/0000-0002-2184-956X ; Zagreb School of Economics and Management, Zagreb, Croatia

Fulltext: english, pdf (188 KB) pages 142-152 downloads: 932* cite
APA 6th Edition
Davosir Pongrac, D., Vojvodić Rosenzweig, V. & Volarević, H. (2013). PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH. Croatian Operational Research Review, 4 (1), 142-152. Retrieved from https://hrcak.srce.hr/97393
MLA 8th Edition
Davosir Pongrac, Davorka, et al. "PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH." Croatian Operational Research Review, vol. 4, no. 1, 2013, pp. 142-152. https://hrcak.srce.hr/97393. Accessed 24 Mar. 2019.
Chicago 17th Edition
Davosir Pongrac, Davorka, Višnja Vojvodić Rosenzweig and Hrvoje Volarević. "PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH." Croatian Operational Research Review 4, no. 1 (2013): 142-152. https://hrcak.srce.hr/97393
Harvard
Davosir Pongrac, D., Vojvodić Rosenzweig, V., and Volarević, H. (2013). 'PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH', Croatian Operational Research Review, 4(1), pp. 142-152. Available at: https://hrcak.srce.hr/97393 (Accessed 24 March 2019)
Vancouver
Davosir Pongrac D, Vojvodić Rosenzweig V, Volarević H. PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH. Croatian Operational Research Review [Internet]. 2013 [cited 2019 March 24];4(1):142-152. Available from: https://hrcak.srce.hr/97393
IEEE
D. Davosir Pongrac, V. Vojvodić Rosenzweig and H. Volarević, "PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH", Croatian Operational Research Review, vol.4, no. 1, pp. 142-152, 2013. [Online]. Available: https://hrcak.srce.hr/97393. [Accessed: 24 March 2019]

Abstracts
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.

Keywords
Insurance Companies; Goal Programming; Multicriteria performance; Ranking; Profitability

Hrčak ID: 97393

URI
https://hrcak.srce.hr/97393

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