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Synopsis
Timetric’s 'Personal Accident and Health Insurance in Turkey Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Turkish life insurance segment, and a comparison of the Turkish insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Turkish economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Personal Accident and Health Insurance in Turkey Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Turkish personal accident and health insurance segment, including:

- An overview of the Turkish personal accident and health insurance segment

- The Turkish personal accident and health insurance segment’s growth prospects by category

- A comprehensive overview of the Turkish economy and demographics

- A comparison of the Turkish personal accident and health insurance segment with its regional counterparts

- The various distribution channels in the Turkish personal accident and health insurance segment

- Details of the competitive landscape in the personal accident and health insurance segment in Turkey

- Details of regulatory policy applicable to the Turkish insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Turkey:

- It provides historical values for the Turkish personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

- It offers a detailed analysis of the key categories in the Turkish personal accident and health insurance segment, and market forecasts to 2020.

- It provides a comparison of the Turkish personal accident and health insurance segment with its regional counterparts

- It provides an overview of the various distribution channels for personal accident and health insurance products in Turkey.

- It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Turkish personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Turkish insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The Turkish personal accident and health segment accounted for 14.6% of the industry’s gross written premium in 2015.

- Turkey’s aging population drove health insurance sales during the review period.

- On April 11, 2014, the Turkish General Directorate of Migration Management (GDMM) passed a new regulation, making private health insurance mandatory for foreign nationals aged 18–65 years looking to get a resident permit in the country.

- Health insurance accounted for 73.3% of the segment’s gross written premium in 2015.

- Turkey’s private health insurance policies are mainly complementary and supplementary to the main public insurance.

Table Of Contents

Personal Accident and Health Insurance in Turkey, Key Trends and Opportunities to 2020
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
5.3 Travel Insurance
5.3.1 Premium
5.3.2 Policies
5.3.3 Claims
5.3.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Agencies
6.1.2 Brokers
6.1.3 Bancassurance
6.1.4 Direct Marketing
6.1.5 E-commerce
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Allianz Sigorta A? - company overview
7.1.2 Ac?badem Sa?l?k ve Hayat Sigorta A? - company overview
7.1.3 Anadolu Anonim Türk Sigorta ?irketi - company overview
7.1.4 Mapfre Genel Sigorta A? - company overview
7.1.5 AK Sigorta A? - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life Insurance
8.3.2 Property Insurance
8.3.3 Motor Insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third party liability insurance
8.4.2 Civil liability insurance for domestic and foreign aircraft flying within Turkish airspace
8.4.3 Third-party liability insurance for hazardous activities
8.4.4 Earthquake insurance for buildings
8.4.5 Liability insurance for clinical trials
8.4.6 Professional liability insurance for insurance and reinsurance brokers
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Undersecretariat of Treasury
8.5.3 Insurance Association of Turkey
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas.
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Direct marketing
9.1.4 Insurance brokers and agencies
9.1.5 Bancassurance
9.1.6 Personal accident insurance
9.1.7 Health insurance
9.1.8 Health insurance by product
9.1.9 Travel insurance
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer

List of Tables
Table 1: Turkish Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Turkish Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Turkish Government Credit Ratings
Table 4: Turkish Personal Accident and Health Insurance - Gross Written Premium (TRY Billion and US$ Billion), 2011-2015
Table 5: Turkish Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: Turkish Personal Accident and Health Insurance - Gross Written Premium (TRY Billion and US$ Billion), 2015-2020
Table 7: Turkish Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: Turkish Personal Accident and Health Insurance - Premium per Capita (TRY and US$), 2011-2015
Table 9: Turkish Personal Accident and Health Insurance - Premium per Capita (TRY and US$), 2015-2020
Table 10: Turkish Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2015
Table 11: Turkish Personal Accident and Health Insurance - Number of Policies Sold (Million), 2015-2020
Table 12: Turkish Personal Accident and Health Insurance - Paid Claims (TRY Billion and US$ Billion), 2011-2015
Table 13: Turkish Personal Accident and Health Insurance - Paid Claims (TRY Billion and US$ Billion), 2015-2020
Table 14: Turkish Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 15: Turkish Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 16: Turkish Personal Accident and Health Insurance - Total Assets (TRY Billion and US$ Billion), 2011-2015
Table 17: Turkish Personal Accident and Health Insurance - Total Assets (TRY Billion and US$ Billion), 2015-2020
Table 18: Turkish Personal Accident and Health Insurance - Total Investment Income (TRY Million and US$ Million), 2011-2015
Table 19: Turkish Personal Accident and Health Insurance - Total Investment Income (TRY Million and US$ Million), 2015-2020
Table 20: Turkish Personal Accident and Health Insurance - Investment Portfolio (TRY Billion), 2011-2015
Table 21: Turkish Personal Accident and Health Insurance - Investment Portfolio (TRY Billion), 2015-2020
Table 22: Turkish Personal Accident and Health Insurance - Direct Written Premium by Category (TRY Billion),2011-2015
Table 23: Turkish Personal Accident and Health Insurance - Direct Written Premium by Category (TRY Billion), 2015-2020
Table 24: Turkish Personal Accident Insurance - Direct Written Premium (TRY Billion and US$ Billion), 2011-2015
Table 25: Turkish Personal Accident Insurance - Direct Written Premium (TRY Billion and US$ Billion), 2015-2020
Table 26: Turkish Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015
Table 27: Turkish Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020
Table 28: Turkish Personal Accident Insurance - Paid Claims (TRY Million and US$ Million), 2011-2015
Table 29: Turkish Personal Accident Insurance - Paid Claims (TRY Million and US$ Million), 2015-2020
Table 30: Turkish Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 31: Turkish Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 32: Turkish Health Insurance - Direct Written Premium by Sub-Category (TRY Billion), 2011-2015
Table 33: Turkish Health Insurance - Direct Written Premium by Sub-Category (TRY Billion), 2015-2020
Table 34: Turkish Health Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
Table 35: Turkish Health Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
Table 36: Turkish Health Insurance - Paid Claims (TRY Billion and US$ Billion), 2011-2015
Table 37: Turkish Health Insurance - Paid Claims (TRY Billion and US$ Billion), 2015-2020
Table 38: Turkish Health Insurance - Loss Ratio (%), 2011-2015
Table 39: Turkish Health Insurance - Loss Ratio (%), 2015-2020
Table 40: Turkish Travel Insurance - Direct Written Premium (TRY Million), 2011-2015
Table 41: Turkish Travel Insurance - Direct Written Premium (TRY Million), 2015-2020
Table 42: Turkish Travel Insurance - Number of Policies Sold (Million), 2011-2015
Table 43: Turkish Travel Insurance - Number of Policies Sold (Million), 2015-2020
Table 44: Turkish Travel Insurance - Paid Claims (TRY Million and US$ Million), 2011-2015
Table 45: Turkish Travel Insurance - Paid Claims (TRY Million and US$ Million), 2015-2020
Table 46: Turkish Travel Insurance - Loss Ratio (%), 2011-2015
Table 47: Turkish Travel Insurance - Loss Ratio (%), 2015-2020
Table 48: Turkish Personal Accident and Health Insurance - Direct Written Premium by Distribution Channel (TRY Billion), 2011-2015
Table 49: Turkish Personal Accident and Health Insurance - Direct Written Premium by Distribution Channel (TRY Billion), 2015-2020
Table 50: Turkish Personal Accident and Health Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
Table 51: Turkish Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 52: Allianz Sigorta A? - Key Facts
Table 53: Allianz Sigorta A? - Key Financials (TRY Million), 2011-2015
Table 54: Ac?badem Sa?l?k ve Hayat Sigorta A? - Key Facts
Table 55: Ac?badem Sa?l?k ve Hayat Sigorta A? - Key Financials (TRY Million), 2011-2015
Table 56: Anadolu Anonim Türk Sigorta ?irketi - Key Facts
Table 57: Anadolu Anonim Türk Sigorta ?irketi - Key Financials (TRY Million), 2011-2015
Table 58: Mapfre Genel Sigorta A? - Key Facts
Table 59: Mapfre Genel Sigorta A? - Key Financials (TRY Million), 2011-2015
Table 60: AK Sigorta A? - Key Facts
Table 61: AK Sigorta A? - Key Financials (TRY Million), 2011-2015
Table 62: Turkey - Insurance Regulatory Framework Key Features
Table 63: Turkey - Life Insurance Regulatory Framework
Table 64: Turkey - Property Insurance Regulatory Framework
Table 65: Turkey - Motor Insurance Regulatory Framework
Table 66: Turkey - Liability Insurance Regulatory Framework
Table 67: Turkey - Tariff Rate for Motor Third-Party Liability Insurance
Table 68: Turkey - Motor Third-Party Liability Insurance Cover Limits (TRY)
Table 69: Turkey - Motor Third-Party Liability Insurance Cover Limits (US$)
Table 70: Turkey - Compensation Provided by the Insurer in the Event of Accident by Domestic Air Carriage
Table 71: Turkey - Tariff Rates Based on Earthquake Zones and Building Type
Table 72: Turkey - Corporate Tax Rates for the Financial Year 2016
Table 73: Turkish Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 74: Turkish Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 75: Turkish Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 76: Turkish Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 77: Turkish Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 78: Turkish Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 79: Turkish Personal Accident and Health Insurance - Direct Marketing, 2011-2015
Table 80: Turkish Personal Accident and Health Insurance - Direct Marketing, 2015-2020
Table 81: Turkish Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2011-2015
Table 82: Turkish Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2015-2020
Table 83: Turkish Personal Accident and Health Insurance - Bancassurance, 2011-2015
Table 84: Turkish Personal Accident and Health Insurance - Bancassurance, 2015-2020
Table 85: Turkish Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 86: Turkish Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 87: Turkish Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 88: Turkish Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 89: Turkish Personal Accident and Health Insurance - Health by Product, 2011-2015
Table 90: Turkish Personal Accident and Health Insurance - Health by Product, 2015-2020
Table 91: Turkish Personal Accident and Health Insurance - Travel Insurance, 2011-2015
Table 92: Turkish Personal Accident and Health Insurance - Travel Insurance, 2015-2020
Table 93: Insurance Industry Definitions

List of Figures
Figure 1: Turkish Real GDP (TRY Billion) and Annual Growth (%), 2011-2020
Figure 2: Turkish Current Account Balance as Percentage of GDP (%), 2011-2015
Figure 3: Turkish Unemployment Rate, 2011-2020
Figure 4: Turkish Consumer Price Inflation (%), 2011-2020
Figure 5: TRY-US$ Exchange Rate, 2011-2020
Figure 6: Turkish Population by Age Group, 1990-2025
Figure 7: Turkish Personal Accident Insurance - Number of Road Accidents, 2011-2015
Figure 8: Turkish Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 9: Turkish Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 10: Turkish Personal Accident and Health Insurance - Gross Written Premium (TRY Billion), 2011-2020
Figure 11: Turkish Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 12: Turkish Personal Accident and Health Insurance - Premium per Capita (TRY), 2011-2020
Figure 13: Turkish Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2020
Figure 14: Turkish Personal Accident and Health Insurance - Paid Claims (TRY Billion), 2011-2020
Figure 15: Turkish Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 16: Turkish Personal Accident and Health Insurance - Total Assets (TRY Billion), 2011-2020
Figure 17: Turkish Personal Accident and Health Insurance - Total Investment Income (TRY Million), 2011-2020
Figure 18: Turkish Personal Accident and Health Insurance - Investment Portfolio (TRY Billion), 2011-2020
Figure 19: Turkish Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 20: Turkish Personal Accident and Health Insurance - Direct Written Premium by Category (TRY Billion), 2011-2020
Figure 21: Turkish Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 22: Turkish Personal Accident Insurance - Direct Written Premium (TRY Billion), 2011-2020
Figure 23: Turkish Personal Accident Insurance - Number of Policies Sold (Million), 2011-2020
Figure 24: Turkish Personal Accident Insurance - Paid Claims (TRY Million), 2011-2020
Figure 25: Turkish Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (TRY Billion and %), 2011-2020
Figure 26: Turkish Health Insurance - Direct Written Premium by Sub-Category (TRY Billion), 2011-2020
Figure 27: Turkish Health Insurance - Direct Written Premium Dynamics by Sub-Category, 2011-2020
Figure 28: Turkish Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2020
Figure 29: Turkish Health Insurance - Paid Claims (TRY Billion), 2011-2020
Figure 30: Turkish Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (TRY Billion and %), 2011-2020
Figure 31: Turkish Travel Insurance - Direct Written Premium (TRY Million), 2011-2020
Figure 32: Turkish Travel Insurance - Number of Policies Sold (Million), 2011-2020
Figure 33: Turkish Travel Insurance - Paid Claims (TRY Million), 2011-2020
Figure 34: Turkish Travel Insurance - Earned Premium, Incurred Loss and Loss Ratio (TRY Million and %), 2011-2020
Figure 35: Turkish Personal Accident and Health Insurance - Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020
Figure 36: Turkish Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 37: Turkey - Insurance Supervision and Control at Various Levels
Figure 38: Turkey - Insurance Regulatory Frameworks for Company Registration and Operation

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