Evaluation of Property Insurance Companies' Business Performance Based on ANP

Abstract

According to characters of property insurance companies' risk classification and low transparency of property insurance institutions' information, the paper builds evaluation index system and a evaluation model for property insurance companies' business performance by Analytic Network Process. Then it analyzes business performance by using empirical data from China's Insurance Yearbook. The empirical study shows that the method is effective, and can objectively assess the comprehensive business performance. It provides a basis for comparison of property insurance companies.