The ranking of insurance companies from Romania based on multicriterial analysis

Abstract

The article is based on a wider study conducted by the author, on a sample of 10 of the most long-lived insurance companies, with different levels of gross premiums charged, activating on the Romanian insurance market. Starting with a multicriterial analysis, which showcases these companies’ bankruptcy risk in 2016, the author used the ranking method and the relative distance method. These methods allow the investigation and integration of several economic agents’ interests, considering qualitative and quantitative information for each company as criteria. The analysis provides a ranking of the companies according to several criteria taken simultaneously, which leads to an improvement in the quality of decision-making.