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Multiattribute Assessment of the Financial Performance of Non-life Insurance Companies: Empirical Evidence from Europe

  • Michalis DoumposEmail author
  • Emilios Galariotis
  • Giacomo Nocera
  • Constantin Zopounidis
Chapter
Part of the Multiple Criteria Decision Making book series (MCDM)

Abstract

The European insurance market has undergone major changes over the past couple of decades, which have created new opportunities but also a lot of challenges and threats for insurers in Europe. In this study, we focus on non-life insurance companies in Europe, over the period 2000–2012, and employ a data-driven multidimensional approach to assess their financial performance, taking into account profitability, solvency, and operating performance indicators. The assessment isolates country-specific effects and, through a second-stage explanatory analysis, we examine the impact of country differences with respect to their economic status and the features of their insurance markets.

Keywords

Data envelopment analysis Insurance Performance evaluation 

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  • Michalis Doumpos
    • 1
    Email author
  • Emilios Galariotis
    • 2
  • Giacomo Nocera
    • 2
  • Constantin Zopounidis
    • 1
    • 2
  1. 1.School of Production Engineering and ManagementTechnical University of CreteChaniaGreece
  2. 2.Audencia Business School, Institute of FinanceNantesFrance

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