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Profitability Evaluation and Ranking of Indian Non-Life Insurance Firms using GRA and TOPSIS

Journal of Insurance and Financial Management

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Title Profitability Evaluation and Ranking of Indian Non-Life Insurance Firms using GRA and TOPSIS
 
Creator Gajavelli, Bhishma Rao SS
 
Description Abstract :This paper evaluates the profitability of the Indian non-life insurance firms in the period 2008-2013 using multi criteria decision analysis methods :GRA and TOPSIS based on the profitability ratios. Also, ranking of the non-life insurance firms is arrived. Few studies on efficiency of Indian non-life insurance firms using different DEA models were studied, but the number of inputs and outputs considered  are very few as the DEA convention doesn't allow number of DMUs more than three times the sum of inputs and outputs. But, the profitability evaluation involves more number of decision variables considered in efficiency  studies using DEA models. This paper addresses  this gap by evaluating the  profitability of the alternative non-life firms with more number of decision variables or criteria using Multi-Criteria Decision Analysis: GRA and TOPSISKeywords: Non-life Insurance, Profitability, GRA,TOPSISG22 Insurance • Insurance Companies • Actuarial Studies
 
Publisher Journal of Insurance and Financial Management
 
Contributor GSIB,Gitam University
 
Date 2016-09-13
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/52
 
Source Journal of Insurance and Financial Management; Vol 2, No 2 (2016): Journal of Insurance and Financial Management
2371-2112
 
Language eng
 
Relation https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/52/pdf
 
Rights Copyright (c) 2016 Bhishma Rao SS Gajavelli
http://creativecommons.org/licenses/by/4.0