Synopsis

The report provides in-depth market analysis, information and insights into the Turkish life insurance segment, including:
• The Turkish life insurance segment’s growth prospects by life insurance categories
• Key trends and drivers for the life insurance segment
• The various distribution channels in the Turkish life insurance segment
• The detailed competitive landscape in the life insurance segment in Turkey
• Detailed regulatory policies of the Turkish insurance industry
• A description of the life reinsurance segment in Turkey
• Porter's Five Forces analysis of the life insurance segment
• A benchmarking section on the Turkish life insurance segment in comparison with other countries with gross written premiums in the US$10–40 billion range.

Summary

Life insurance was the second-largest segment of the Turkish insurance industry in 2013, accounting for 15.5% of the industry’s total gross written premiums. Led by sustained economic growth and favorable demographics, the segment’s gross written premiums expanded at a compound annual growth rate (CAGR) of 17.8% over the review period (2009?2013). The segment’s penetration rate also increased from 0.20% in 2009 to 0.24% in 2013. Turkish life insurance still remains one of the lowest among the OECD countries, however, with France and the UK having the highest penetration rates of 8.68% and 5.57% respectively. OECD countries with low life insurance penetration include Mexico with 0.99%, Hungary with 1.50% and the Czech Republic with 1.59%. The life segment’s gross written premiums are expected to increase at a CAGR of 11.7% over the forecast period (2013?2018), with the low penetration rate, increasing life expectancy and sustained GDP growth being the primary factors that are projected to drive this demand. Moreover, the government’s amendment of the private pension law is also expected to supplement the segment’s growth, although given the increasing competition, depreciation of currency bringing in foreign participation and changes in regulations to align with Solvency II, the Turkish life insurance segment is expected to consolidate over the forecast period.


Scope

This report provides a comprehensive analysis of the life insurance segment in Turkey:
• It provides historical values for the Turkish life insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key categories in the Turkish life insurance segment, along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for life insurance products in Turkey.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Turkey for the life insurance business.
• It provides a detailed analysis of the reinsurance segment in Turkey and its growth prospects.
• It profiles the top life insurance companies in Turkey and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in depth historic and forecast market data related to the Turkish life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Turkish life insurance segment
• Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Turkish insurance industry and its impact on companies and the market's future

Key Highlights

• Life insurance was the second-largest segment of the Turkish insurance industry in 2013, accounting for 15.5% of the industry’s total gross written premiums.
• Turkish life insurance penetration still remains one of the lowest among the OECD countries.
• The Turkish government’s amendment to the private pension and investment law on June 28, 2012 has been fully implemented in the country since the beginning of 2013.
• By the end of 2013, there were 27 insurers operating in the segment and the segment is highly competitive in the presence of both domestic and foreign insurers.
• Bancassurance was the most preferred distribution channel among life and pension insurers.

Table Of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Insurance brokers
4.4.3 Bancassurance
4.4.4 Agencies
5 Turkish Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2009-2018
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments
6 Life Insurance Outlook
6.1 Consumer Segmentation and Buying Behavior
6.1.1 Covers for individual segment
6.1.2 Covers for corporate segment
6.2 Product and Marketing Strategies
6.2.1 Product strategy
6.2.2 Marketing strategy
6.3 Life Insurance Growth Prospects by Category
6.4 Individual Life Insurance
6.4.1 Individual whole life insurance
6.4.2 Individual general annuity
6.4.3 Individual pension
6.5 Group Life Insurance
6.5.1 Group whole life insurance
6.6 Life Insurance Growth Prospects by Consumer Segmentation
6.6.1 Individual single-premium policies
6.6.2 Individual non-single-premium policies
6.6.3 Group non-single-premium policies
6.7 Life Insurance Growth Prospects by Product Type
6.7.1 Total non-linked business
7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 Brokers
8 Porter’s Five Forces Analysis - Turkish Life Insurance
8.1 Bargaining Power of Supplier: Medium to High
8.2 Bargaining Power of Buyer: Medium
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Medium
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2009-2018
9.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Regulations by Type of Insurance
10.2.1 Life insurance regulations
10.2.2 Property insurance regulations
10.2.3 Motor insurance regulations
10.2.4 Marine, aviation and transit insurance regulations
10.2.5 Personal accident and health insurance regulations
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Civil liability insurance for domestic and foreign aircraft flying within Turkish airspace
10.3.3 Third-party liability insurance for hazardous activities
10.3.4 Earthquake insurance for buildings
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Undersecretariat of Treasury
10.4.3 Insurance Association of Turkey
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Turkish Life Insurance Segment
11.3 Comparison of the Top Five Insurers
11.3.1 Gross written premium
11.3.2 Net earned premium
11.3.3 Paid claims
11.3.4 Incurred loss
11.4 Ziraat Hayat ve Emeklilik - Company Overview
11.4.1 Ziraat Hayat ve Emeklilik - key facts
11.4.2 Ziraat Hayat ve Emeklilik - key financials
11.5 Anadolu Hayat Emeklilik A? - Company Overview
11.5.1 Anadolu Hayat Emeklilik A? - key facts
11.5.2 Anadolu Hayat Emeklilik A? - key financials
11.6 Garanti Emeklilik ve Hayat A? - Company Overview
11.6.1 Garanti Emeklilik ve Hayat A? - key facts
11.6.2 Garanti Emeklilik ve Hayat A? - key financials
11.7 Allianz Ya?am ve Emeklilik (Yap? Kredi) - Company Overview
11.7.1 Allianz Ya?am ve Emeklilik - key facts
11.7.2 Allianz Ya?am ve Emeklilik - key financials
11.8 Halk Hayat ve Emeklilik - Company Overview
11.8.1 Halk Hayat ve Emeklilik - key facts
11.8.2 Halk Hayat ve Emeklilik - key financials
11.9 Aviva SA Emeklilik ve Hayat A? - Company Overview
11.9.1 Aviva SA Emeklilik ve Hayat A? - key facts
11.9.2 Aviva SA Emeklilik ve Hayat A? - key financials
11.1 Cigna Finans Emeklilik ve Hayat - Company Overview
11.10.1 Cigna Finans Emeklilik ve Hayat - key facts
11.10.2 Cigna Finans Emeklilik ve Hayat - key financials
11.11 Vakif Emeklilik - Company Overview
11.11.1 Vakif Emeklilik - key facts
11.11.2 Vakif Emeklilik - key financials
11.12 MetLife Emeklilik ve Hayat A? - Company Overview
11.12.1 MetLife Emeklilik ve Hayat A? - key facts
11.12.2 MetLife Emeklilik ve Hayat A? - key financials
11.13 Axa Hayat ve Emeklilik - Company Overview
11.13.1 Axa Hayat ve Emeklilik - key facts
11.13.2 Axa Hayat ve Emeklilik - key financials
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Istanbul Stock Exchange, Turkey
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segment
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.12 Construction net output at current prices, (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate TRY-US$
12.3 Infrastructure
12.3.1 Commercial vehicles exports - total value
12.3.2 Commercial vehicles imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Household consumption expenditure (US$)
12.5.2 Total population
12.5.3 Urban and rural populations
12.5.4 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Turkish Insurance - Gross Written Premium by Segment (TRY Billion), 2009-2013
Table 3: Turkish Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: Turkish Insurance - Gross Written Premium by Segment (TRY Billion), 2013-2018
Table 5: Turkish Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: Turkish Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: Turkish Insurance - Direct Written Premium by Segment (TRY Billion), 2009-2013
Table 8: Turkish Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 9: Turkish Insurance - Direct Written Premium by Segment (TRY Billion), 2013-2018
Table 10: Turkish Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 11: Turkish Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
Table 12: Turkish Life Insurance - Gross Written Premium by Category (TRY Billion), 2009-2013
Table 13: Turkish Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 14: Turkish Life Insurance - Gross Written Premium by Category (TRY Billion), 2013-2018
Table 15: Turkish Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 16: Turkish Life Insurance - New Business Gross Written Premium (TRY Billion), 2009-2013
Table 17: Turkish Life Insurance - New Business Gross Written Premium (TRY Billion), 2013-2018
Table 18: Turkish Life Insurance - Earned Premium (TRY Billion), 2009-2013
Table 19: Turkish Life Insurance - Earned Premium (TRY Billion), 2013-2018
Table 20: Turkish Life Insurance - Sum Assured (TRY Billion), 2009-2013
Table 21: Turkish Life Insurance - Sum Assured (TRY Billion), 2013-2018
Table 22: Turkish Life Insurance - Paid Claims (TRY Billion), 2009-2013
Table 23: Turkish Life Insurance - Paid Claims (TRY Billion), 2013-2018
Table 24: Turkish Life Insurance - Incurred Loss (TRY Billion), 2009-2013
Table 25: Turkish Life Insurance - Incurred Loss (TRY Billion), 2013-2018
Table 26: Turkish Life Insurance - Loss Ratio (%), 2009-2013
Table 27: Turkish Life Insurance - Loss Ratio (%), 2013-2018
Table 28: Turkish Life Insurance - Commissions and Expenses (TRY Billion), 2009-2013
Table 29: Turkish Life Insurance - Commissions and Expenses (TRY Billion), 2013-2018
Table 30: Turkish Life Insurance - Combined Ratio (%), 2009-2013
Table 31: Turkish Life Insurance - Combined Ratio (%), 2013-2018
Table 32: Turkish Life Insurance - Fraud and Crimes (TRY Billion), 2009-2013
Table 33: Turkish Life Insurance - Fraud and Crimes (TRY Billion), 2013-2018
Table 34: Turkish Life Insurance - Total Assets (TRY Billion), 2009-2013
Table 35: Turkish Life Insurance - Total Assets (TRY Billion), 2013-2018
Table 36: Turkish Life Insurance - Total Investment Income (TRY Billion), 2009-2013
Table 37: Turkish Life Insurance - Total Investment Income (TRY Billion), 2013-2018
Table 38: Turkish Life Insurance - Retentions (TRY Billion), 2009-2013
Table 39: Turkish Life Insurance - Retentions (TRY Billion), 2013-2018
Table 40: Turkish Individual Life Insurance - Gross Written Premium by Category (TRY Billion), 2009-2013
Table 41: Turkish Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
Table 42: Turkish Individual Life Insurance - Gross Written Premium by Category (TRY Billion), 2013-2018
Table 43: Turkish Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
Table 44: Turkish Individual Life Insurance - Direct Written Premium by Category (TRY Billion), 2009-2013
Table 45: Turkish Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
Table 46: Turkish Individual Life Insurance - Direct Written Premium by Category (TRY Billion), 2013-2018
Table 47: Turkish Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
Table 48: Turkish Individual Life Insurance - Policies by Category (Thousand), 2009-2013
Table 49: Turkish Individual Life Insurance - Policies by Category (Thousand), 2013-2018
Table 50: Turkish Individual Whole Life Insurance - Number of Active Policies (Million), 2009-2013
Table 51: Turkish Individual Whole Life Insurance - Number of Active Policies (Million), 2013-2018
Table 52: Turkish Individual Whole Life Insurance - Gross Written Premium (TRY Billion), 2009-2013
Table 53: Turkish Individual Whole Life Insurance - Gross Written Premium (TRY Billion), 2013-2018
Table 54: Turkish Individual General Annuity - Number of Active Policies (Thousand), 2009-2013
Table 55: Turkish Individual General Annuity - Number of Active Policies (Thousand), 2013-2018
Table 56: Turkish Individual General Annuity - Gross Written Premium (TRY Million), 2009-2013
Table 57: Turkish Individual General Annuity - Gross Written Premium (TRY Million), 2013-2018
Table 58: Turkish Individual Pension - Number of Active Policies (Thousand), 2009-2013
Table 59: Turkish Individual Pension - Number of Active Policies (Thousand), 2013-2018
Table 60: Turkish Individual Pension - Gross Written Premium (TRY Million), 2009-2013
Table 61: Turkish Individual Pension - Gross Written Premium (TRY Million), 2013-2018
Table 62: Turkish Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 63: Turkish Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 64: Turkish Group Whole Life Insurance - Gross Written Premium (TRY Million), 2009-2013
Table 65: Turkish Group Whole Life Insurance - Gross Written Premium (TRY Million), 2013-2018
Table 66: Turkish Individual Single-Premium - Number of Active Policies (Million), 2009-2013
Table 67: Turkish Individual Single-Premium - Number of Active Policies (Million), 2013-2018
Table 68: Turkish Individual Single-Premium - Gross Written Premium (TRY Billion), 2009-2013
Table 69: Turkish Individual Single-Premium - Gross Written Premium (TRY Billion), 2013-2018
Table 70: Turkish Individual Single-Premium - Direct Written Premium (TRY Billion), 2009-2013
Table 71: Turkish Individual Single-Premium - Direct Written Premium (TRY Billion), 2013-2018
Table 72: Turkish Individual Non-Single-Premium - Number of Active Policies (Million), 2009-2013
Table 73: Turkish Individual Non-Single-Premium - Number of Active Policies (Million), 2013-2018
Table 74: Turkish Individual Non-Single-Premium - Gross Written Premium (TRY Billion), 2009-2013
Table 75: Turkish Individual Non-Single-Premium - Gross Written Premium (TRY Billion), 2013-2018
Table 76: Turkish Individual Non-Single-Premium - Direct Written Premium (TRY Billion), 2009-2013
Table 77: Turkish Individual Non-Single-Premium - Direct Written Premium (TRY Billion), 2013-2018
Table 78: Turkish Group Non-Single-Premium - Number of Active Policies (Thousand), 2009-2013
Table 79: Turkish Group Non-Single-Premium - Number of Active Policies (Thousand), 2013-2018
Table 80: Turkish Group Non-Single-Premium - Gross Written Premium (TRY Million), 2009-2013
Table 81: Turkish Group Non-Single-Premium - Gross Written Premium (TRY Million), 2013-2018
Table 82: Turkish Group Non-Single-Premium - Direct Written Premium (TRY Million), 2009-2013
Table 83: Turkish Group Non-Single-Premium - Direct Written Premium (TRY Million), 2013-2018
Table 84: Turkish Non-Linked Business - Number of Active Policies (Million), 2009-2013
Table 85: Turkish Non-Linked Business - Number of Active Policies (Million), 2013-2018
Table 86: Turkish Non-Linked Business - Gross Written Premium (TRY Billion), 2009-2013
Table 87: Turkish Non-Linked Business - Gross Written Premium (TRY Billion), 2013-2018
Table 88: Turkish Non-Linked Business - Direct Written Premium (TRY Billion), 2009-2013
Table 89: Turkish Non-Linked Business - Direct Written Premium (TRY Billion), 2013-2018
Table 90: Turkish Life Insurance - Direct Marketing Commission Paid (TRY Million), 2009-2013
Table 91: Turkish Life Insurance - Direct Marketing Commission Paid (TRY Million), 2013-2018
Table 92: Turkish Life Insurance - Gross Written Premium New Business Generation Through Direct Marketing (TRY Million), 2009-2013
Table 93: Turkish Life Insurance - Gross Written Premium New Business Generation Through Direct Marketing (TRY Million), 2013-2018
Table 94: Turkish Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 95: Turkish Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 96: Turkish Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 97: Turkish Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 98: Turkish Life Insurance - Bancassurance Commission Paid (TRY Million), 2009-2013
Table 99: Turkish Life Insurance - Bancassurance Commission Paid (TRY Million), 2013-2018
Table 100: Turkish Life Insurance - Gross Written Premium New Business Generation Through Bancassurance (TRY Million), 2009-2013
Table 101: Turkish Life Insurance - Gross Written Premium New Business Generation Through Bancassurance (TRY Million), 2013-2018
Table 102: Turkish Life Insurance - New Policies Sold Through Bancassurance (Million), 2009-2013
Table 103: Turkish Life Insurance - New Policies Sold Through Bancassurance (Million), 2013-2018
Table 104: Turkish Life Insurance - Number of Bancassurance Distributors, 2009-2013
Table 105: Turkish Life Insurance - Number of Bancassurance Distributors, 2013-2018
Table 106: Turkish Life Insurance - Commission Paid to Agencies (TRY Million), 2009-2013
Table 107: Turkish Life Insurance - Commission Paid to Agencies (TRY Million), 2013-2018
Table 108: Turkish Life Insurance - Gross Written Premium New Business Generation Through Agencies (TRY Million), 2009-2013
Table 109: Turkish Life Insurance - Gross Written Premium New Business Generation Through Agencies (TRY Million), 2013-2018
Table 110: Turkish Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
Table 111: Turkish Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
Table 112: Turkish Life Insurance - Number of Agencies, 2009-2013
Table 113: Turkish Life Insurance - Number of Agencies, 2013-2018
Table 114: Turkish Life Insurance - Commission Paid to Brokers (TRY Million), 2009-2013
Table 115: Turkish Life Insurance - Commission Paid to Brokers (TRY Million), 2013-2018
Table 116: Turkish Life Insurance - Gross Written Premium New Business Generation Through Brokers (TRY Million), 2009-2013
Table 117: Turkish Life Insurance - Gross Written Premium New Business Generation Through Brokers (TRY Million), 2013-2018
Table 118: Turkish Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Table 119: Turkish Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Table 120: Turkish Life Insurance - Number of Brokers, 2009-2013
Table 121: Turkish Life Insurance - Number of Brokers, 2013-2018
Table 122: Turkish Reinsurance Accepted by Category (TRY Billion), 2009-2013
Table 123: Turkish Reinsurance Accepted by Category (US$ Billion), 2009-2013
Table 124: Turkish Reinsurance Accepted by Category (TRY Billion), 2013-2018
Table 125: Turkish Reinsurance Accepted by Category (US$ Billion), 2013-2018
Table 126: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2009-2013
Table 127: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009-2013
Table 128: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2013-2018
Table 129: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013-2018
Table 130: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 131: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 132: Turkey - Life Insurance Regulatory Framework
Table 133: Turkey - Property Insurance Regulatory Framework
Table 134: Turkey - Motor Insurance Regulatory Framework
Table 135: Turkey - Tariff Rate for Motor Third-Party Liability Insurance
Table 136: Turkey - Motor Third-Party Liability Insurance Cover Limits (TRY)
Table 137: Turkey - Motor Third-Party Liability Insurance Cover Limits (US$)
Table 138: Turkey - Compensation Provided by the Insurer in the Event of Accident by Domestic Air Carriage
Table 139: Turkey - Tariff Rates Based on Earthquake Zones and Building Type
Table 140: Turkey - Corporate Tax Rates for the Financial Year 2013
Table 141: Shares of Key Insurers in the Turkish Life Segment (%), 2013
Table 142: Ziraat Hayat ve Emeklilik, Key Facts
Table 143: Ziraat Hayat ve Emeklilik, Key Financials (TRY Million), 2010-2012
Table 144: Anadolu Hayat Emeklilik A?, Key Facts
Table 145: Anadolu Hayat Emeklilik A?, Key Financials (TRY Million), 2008-2012
Table 146: Garanti Emeklilik ve Hayat A?, Key Facts
Table 147: Garanti Emeklilik ve Hayat A?, Key Financials (TRY Million), 2008-2012
Table 148: Allianz Ya?am ve Emeklilik, Key Facts
Table 149: Allianz Ya?am ve Emeklilik, Key Financials (TRY Million), 2008-2012
Table 150:Halk Hayat ve Emeklilik, Key Facts
Table 151:Halk Hayat ve Emeklilik, Key Financials (TRY Million), 2008-2012
Table 152:Aviva SA Emeklilik ve Hayat A?, Key Facts
Table 153:Aviva SA Emeklilik ve Hayat A? (TRY Million), Key Financials (TRY Million), 2008-2012
Table 154: Cigna Finans Emeklilik ve Hayat, Key Facts
Table 155: Cigna Finans Emeklilik ve Hayat, Key Financials (TRY Million), 2008-2012
Table 156: Vakif Emeklilik, Key Facts
Table 157: Vakif Emeklilik, Key Financials (TRY Million), 2008-2012
Table 158: MetLife Emeklilik ve Hayat A?, Key Facts
Table 159: MetLife Emeklilik ve Hayat A? (TRY Million), 2011 and 2012
Table 160: Axa Hayat ve Emeklilik, Key Facts
Table 161: Axa Hayat ve Emeklilik (TRY Million), 2008-2012

List of Figures

Figure 1: Peer Group (US$10-40 billion) Insurance Markets - Economies and Populations, 2011
Figure 2: Peer Group (US$10-40 billion) Insurance Markets - Growth Trends in the Insurance Industry (%), 2007-2016
Figure 3: Peer Group (US$10-40 billion) Insurance Markets - Total Industry Values by Segment (US$ Billion), 2011
Figure 4: Peer Group (US$10-40 billion) Insurance Markets - Life Insurance Gross Written Premium Growth (%), 2007-2016
Figure 5: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Premium Per Capita Growth (%), 2011
Figure 6: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Penetration (%), 2011 and 2016
Figure 7: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Gross Written Premium Growth (%), 2007-2016
Figure 8: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Gross Written Premium per Capita Growth (%), 2007-2016
Figure 9: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Loss Ratio (%), 2011 and 2016
Figure 10: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Combined Ratios (%), 2011 and 2016
Figure 11: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Incurred Losses Per Capita (US$), 2011 and 2016
Figure 12: Peer Group (US$10-40 Billion) Insurance Markets - Life Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: Peer Group (US$10-40 Billion) Insurance Markets - Direct Marketing Share of Life Insurance New Business Gross Written Premium (%), 2007-2016
Figure 14: Peer Group (US$10-40 Billion) Insurance Markets - Insurance Brokers’ Share of Life Insurance New Business Gross Written Premium (%), 2007-2016
Figure 15: Peer Group (US$10-40 Billion) Insurance Markets - Bancassurance Share of Life Insurance New Business Gross Written Premium (%), 2007-2016
Figure 16: Peer Group (US$10-40 Billion) Insurance Markets - Agencies’ Share of Life Insurance New Business Gross Written Premium (%), 2007-2016
Figure 17: Turkish Insurance - Gross Written Premium by Segment (TRY Billion), 2009-2018
Figure 18: Turkish Insurance - Gross Written Premium Dynamics by Segment, 2009-2018
Figure 19: Turkish Insurance - Direct Written Premium by Segment (TRY Billion), 2009-2018
Figure 20: Turkish Insurance - Dynamics by Segment, Direct Written premium (2009-2018)
Figure 21: Turkish Life Insurance - Gross Written Premium by Category (TRY Billion), 2009-2018
Figure 22: Turkish Life Insurance - Written Premium by Category (% Share), 2013 and 2018
Figure 23: Turkish Life Insurance - Dynamics by Category, 2009-2018
Figure 24: Turkish Life Insurance - New Business Gross Written Premium (TRY Billion), 2009-2013
Figure 25: Turkish Life Insurance - New Business Gross Written Premium (TRY Billion), 2013-2018
Figure 26: Turkish Life Insurance - Earned Premium (TRY Billion), 2009-2013
Figure 27: Turkish Life Insurance - Earned Premium (TRY Billion), 2013-2018
Figure 28: Turkish Life Insurance - Sum Assured (TRY Billion), 2009-2013
Figure 29: Turkish Life Insurance - Sum Assured (TRY Billion), 2013-2018
Figure 30: Turkish Life Insurance - Paid Claims (TRY Billion), 2009-2013
Figure 31: Turkish Life Insurance - Paid Claims (TRY Billion), 2013-2018
Figure 32: Turkish Life Insurance - Incurred Loss (TRY Billion), 2009-2013
Figure 33: Turkish Life Insurance - Incurred Loss (TRY Billion), 2013-2018
Figure 34: Turkish Life Insurance - Loss Ratio (%), 2009-2013
Figure 35: Turkish Life Insurance - Loss Ratio (%), 2013-2018
Figure 36: Turkish Life Insurance - Commissions and Expenses (TRY Billion), 2009-2013
Figure 37: Turkish Life Insurance - Commissions and Expenses (TRY Billion), 2013-2018
Figure 38: Turkish Life Insurance - Combined Ratio (%), 2009-2013
Figure 39: Turkish Life Insurance - Combined Ratio (%), 2013-2018
Figure 40: Turkish Life Insurance - Fraud and Crimes (TRY Billion), 2009-2013
Figure 41: Turkish Life Insurance - Fraud and Crimes (TRY Billion), 2013-2018
Figure 42: Turkish Life Insurance - Total Assets (TRY Billion), 2009-2013
Figure 43: Turkish Life Insurance - Total Assets (TRY Billion), 2013-2018
Figure 44: Turkish Life Insurance - Total Investment Income (TRY Billion), 2009-2013
Figure 45: Turkish Life Insurance - Total Investment Income (TRY Billion), 2013-2018
Figure 46: Turkish Life Insurance - Retentions (TRY Billion), 2009-2013
Figure 47: Turkish Life Insurance - Retentions (TRY Billion), 2013-2018
Figure 48: Turkish Life Insurance - Investment Portfolio (TRY Billion), 2009-2013
Figure 49: Turkish Life Insurance - Investment Portfolio, 2009 and 2013
Figure 50: Turkish Life Insurance - Penetration (%), 2009-2013
Figure 51: Turkish Life Insurance - Density (Number of Policies per Capita), 2009-2013
Figure 52: Turkish Life Insurance - Number of Active Policies (Million), 2009-2013
Figure 53: Turkish Life Insurance - Number of Active Policies (Million), 2013-2018
Figure 54: Turkish Life Insurance - Number of New Policies Sold (Million), 2009-2013
Figure 55: Turkish Life Insurance - Number of New Policies Sold (Million), 2013-2018
Figure 56: Turkish Life Insurance - Premium Per Capita (TRY), 2009-2013
Figure 57: Turkish Individual Life Insurance - Gross Written Premium by Category (TRY Billion), 2009-2018
Figure 58: Turkish Individual Life Insurance - Gross Written Premium by Category (% Share), 2013 and 2018
Figure 59: Turkish Individual Life Insurance - Dynamics by Category, 2009-2018
Figure 60: Turkish Individual Life Insurance - Direct Written Premium by Category (TRY Billion), 2009-2018
Figure 61: Turkish Individual Life Insurance - Direct Written Premium by Category (% Share), 2013 and 2018
Figure 62: Turkish Individual Life Insurance - Direct Written Premium Dynamics by Category, 2009-2018
Figure 63: Turkish Individual Life Insurance - Policies by Category (Million), 2009-2018
Figure 64: Turkish Individual Life Insurance - Policies by Category (% Share), 2013 and 2018
Figure 65: Turkish Individual Whole Life Insurance - Number of Active Policies (Million), 2009-2013
Figure 66: Turkish Individual Whole Life Insurance - Number of Active Policies (Million), 2013-2018
Figure 67: Turkish Individual Whole Life Insurance - Gross Written Premium (TRY Billion), 2009-2013
Figure 68: Turkish Individual Whole Life Insurance - Gross Written Premium (TRY Billion), 2013-2018
Figure 69: Turkish Individual General Annuity - Number of Active Policies (Thousand), 2009-2013
Figure 70: Turkish Individual General Annuity - Number of Active Policies (Thousand), 2013-2018
Figure 71: Turkish Individual General Annuity - Gross Written Premium (TRY Million), 2009-2013
Figure 72: Turkish Individual General Annuity - Gross Written Premium (TRY Million), 2013-2018
Figure 73: Turkish Individual Pension - Number of Active Policies (Thousand), 2009-2013
Figure 74: Turkish Individual Pension - Number of Active Policies (Thousand), 2013-2018
Figure 75: Turkish Individual Pension - Gross Written Premium (TRY Million), 2009-2013
Figure 76: Turkish Individual Pension - Gross Written Premium (TRY Million), 2013-2018
Figure 77: Turkish Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 78: Turkish Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 79: Turkish Group Whole Life Insurance - Gross Written Premium (TRY Million), 2009-2013
Figure 80: Turkish Group Whole Life Insurance - Gross Written Premium (TRY Million), 2013-2018
Figure 81: Turkish Individual Single-Premium - Number of Active Policies (Million), 2009-2013
Figure 82: Turkish Individual Single-Premium - Number of Active Policies (Million), 2013-2018
Figure 83: Turkish Individual Single-Premium - Gross Written Premium (TRY Billion), 2009-2013
Figure 84: Turkish Individual Single-Premium - Gross Written Premium (TRY Billion), 2013-2018
Figure 85: Turkish Individual Single-Premium - Direct Written Premium (TRY Billion), 2009-2013
Figure 86: Turkish Individual Single-Premium - Direct Written Premium (TRY Billion), 2013-2018
Figure 87: Turkish Individual Non-Single-Premium - Number of Active Policies (Million), 2009-2013
Figure 88: Turkish Individual Non-Single-Premium - Number of Active Policies (Million), 2013-2018
Figure 89: Turkish Individual Non-Single-Premium - Gross Written Premium (TRY Billion), 2009-2013
Figure 90: Turkish Individual Non-Single-Premium - Gross Written Premium (TRY Billion), 2013-2018
Figure 91: Turkish Individual Non-Single-Premium - Direct Written Premium (TRY Billion), 2009-2013
Figure 92: Turkish Individual Non-Single-Premium - Direct Written Premium (TRY Billion), 2013-2018
Figure 93: Turkish Group Non-Single-Premium - Number of Active Policies (Thousand), 2009-2013
Figure 94: Turkish Group Non-Single-Premium - Number of Active Policies (Thousand), 2013-2018
Figure 95: Turkish Group Non-Single-Premium - Gross Written Premium (TRY Million), 2009-2013
Figure 96: Turkish Group Non-Single-Premium - Gross Written Premium (TRY Million), 2013-2018
Figure 97: Turkish Group Non-Single-Premium - Direct Written Premium (TRY Million), 2009-2013
Figure 98: Turkish Group Non-Single-Premium - Direct Written Premium (TRY Million), 2013-2018
Figure 99: Turkish Non-Linked Business - Number of Active Policies (Million), 2009-2013
Figure 100: Turkish Non-Linked Business - Number of Active Policies (Million), 2013-2018
Figure 101: Turkish Non-Linked Business - Gross Written Premium (TRY Billion), 2009-2013
Figure 102: Turkish Non-Linked Business - Gross Written Premium (TRY Billion), 2013-2018
Figure 103: Turkish Non-Linked Business - Direct Written Premium (TRY Billion), 2009-2013
Figure 104: Turkish Non-Linked Business - Direct Written Premium (TRY Billion), 2013-2018
Figure 105: Turkish Life Insurance - New Business Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 106: Turkish Life Insurance - Direct Marketing Commission Paid (TRY Million), 2009-2013
Figure 107: Turkish Life Insurance - Direct Marketing Commission Paid (TRY Million), 2013-2018
Figure 108: Turkish Life Insurance - Gross Written Premium New Business Generation Through Direct Marketing (TRY Million), 2009-2013
Figure 109: Turkish Life Insurance - Gross Written Premium New Business Through Direct Marketing (TRY Million), 2013-2018
Figure 110: Turkish Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Figure 111: Turkish Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Figure 112: Turkish Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Figure 113: Turkish Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Figure 114: Turkish Life Insurance - Bancassurance Commission Paid (TRY Million), 2009-2013
Figure 115: Turkish Life Insurance - Bancassurance Commission Paid (TRY Million), 2013-2018
Figure 116: Turkish Life Insurance - Gross Written Premium New Business Generation Through Bancassurance (TRY Million), 2009-2013
Figure 117: Turkish Life Insurance - Gross Written Premium New Business Generation Through Bancassurance (TRY Million), 2013-2018
Figure 118: Turkish Life Insurance - New Policies Sold Through Bancassurance (Million), 2009-2013
Figure 119: Turkish Life Insurance - New Policies Sold Through Bancassurance (Million), 2013-2018
Figure 120: Turkish Life Insurance - Number of Bancassurance Distributors, 2009-2013
Figure 121: Turkish Life Insurance - Number of Bancassurance Distributors, 2013-2018
Figure 122: Turkish Life Insurance - Commission Paid to Agencies (TRY Million), 2009-2013
Figure 123: Turkish Life Insurance - Commission Paid to Agencies (TRY Million), 2013-2018
Figure 124: Turkish Life Insurance - Gross Written Premium New Business Generation Through Agencies (TRY Million), 2009-2013
Figure 125: Turkish Life Insurance - Gross Written Premium New Business Generation Through Agencies (TRY Mi

View This Report »

Find all the market research you need - instantly, in one place.

+1.2 Million Research Documents & Statistics +200,000 Trusted Public Sources 350 Industries With Global Coverage

24/7 Customer Support

Talk to Louis

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers

Life Insurance: Global Industry Almanac, MarketLine

Life Insurance: Global Industry Almanac, MarketLine

  • $ 2 995
  • Industry report
  • March 2014
  • by MarketLine

Introduction Global Life Insurance industry guide provides top-line qualitative and quantitative summary information including: market share, market size (value 2008-12, and forecast to 2017). The guide ...

Life Insurance: World Market Overview (Market size, Segmentation and Trends Analysis)

Life Insurance: World Market Overview (Market size, Segmentation and Trends Analysis)

  • $ 1 495
  • Industry report
  • March 2014
  • by MarketLine

It includes detailed data on industry size and sector ation, textual analysis of the key trends and competitive landscape, and profiles of the leading firms . This incisive report provides expert analysis ...

Non-Life Insurance: World Market Overview (Market size, Segmentation and Trends Analysis)

Non-Life Insurance: World Market Overview (Market size, Segmentation and Trends Analysis)

  • $ 1 495
  • Industry report
  • March 2014
  • by MarketLine

It includes detailed data on industry size and sector ation, textual analysis of the key trends and competitive landscape, and profiles of the leading firms . This incisive report provides expert analysis ...

World Market Life Insurance

January 2014 $ 350

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.