Özet:

One of the main elements of the financial system is the insurance sector. Insurance sector plays an important role, especially in countries with savings deficiency, such as Turkey. In the general economy, the healthy functioning of the insurance sector can be significantly contributed to the lower cost of the resource used for investments and to the closure of savings. As much as the importance of the traditional insurance sector, the importance of alternative insurance practices for sections that need interest sensitivity and insurance in a country where a large part of the population such as Turkey is Muslim is also great. In Turkey, the legal substructure of Participation Insurance is expected to be established at the end of 2017 and the start of the work towards the legislation of the accounting standards of Participation Insurance companies in 2019. In terms of the development of participation insurance, the assessment of the financial performance of companies is an important element in terms of the development of the system and the presentation to stakeholders. The aim of the work in this context is to evaluate the financial performance of life and retirement insurance companies in Turkey. In the study, the data of the four life and retirement companies included in the official statistics of the Turkish Insurance Association for the year 2018 were used to evaluate the financial performance of the companies using the TOPSIS method from multiple criteria decision-making methods.