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  4. > Insurance in Turkey

Insurance in Turkey

  • January 2016
  • -
  • MarketLine
  • -
  • 37 pages

Introduction

Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Turkey insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Turkish insurance market is expected to generate total gross written premiums of $13.8bn in 2015, representing a compound annual growth rate (CAGR) of 15.8% between 2011 and 2015.

- The non-life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $11.7bn, equivalent to 84.9% of the market's overall value.

- The weakening of the Turkish economy is set to result in a slowdown in premium growth in the forecast period. What’s more, intense competition in the market is likely to drive down premium rates.

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Turkey

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Turkey

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey insurance market with five year forecasts

- Macroeconomic indicators provide insight into general trends within the Turkey economy

Key Questions Answered

- What was the size of the Turkey insurance market by value in 2015?

- What will be the size of the Turkey insurance market in 2020?

- What factors are affecting the strength of competition in the Turkey insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up Turkey's insurance market?

Table Of Contents

Insurance in Turkey
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 19
Degree of rivalry 20
Leading Companies 21
Allianz Group 21
Anadolu Anonim Türk Sigorta ?irketi 24
AXA 25
MAPFRE, S.A. 29
Macroeconomic Indicators 32
Country Data 32
Methodology 34
Industry associations 35
Related MarketLine research 35
Appendix 36
About MarketLine 36

List of Tables
Table 1: Turkey insurance market value: $ billion, 2011-15(e)
Table 2: Turkey insurance market category segmentation: $ billion, 2015(e)
Table 3: Turkey insurance market geography segmentation: $ billion, 2015(e)
Table 4: Turkey insurance market share: % share, by value, 2015(e)
Table 5: Turkey insurance market value forecast: $ billion, 2015-20
Table 6: Allianz Group: key facts
Table 7: Allianz Group: key financials ($)
Table 8: Allianz Group: key financials (€)
Table 9: Allianz Group: key financial ratios
Table 10: Anadolu Anonim Türk Sigorta ?irketi: key facts
Table 11: AXA: key facts
Table 12: AXA: key financials ($)
Table 13: AXA: key financials (€)
Table 14: AXA: key financial ratios
Table 15: MAPFRE, S.A.: key facts
Table 16: MAPFRE, S.A.: key financials ($)
Table 17: MAPFRE, S.A.: key financials (€)
Table 18: MAPFRE, S.A.: key financial ratios
Table 19: Turkey size of population (million), 2011-15
Table 20: Turkey gdp (constant 2005 prices, $ billion), 2011-15
Table 21: Turkey gdp (current prices, $ billion), 2011-15
Table 22: Turkey inflation, 2011-15
Table 23: Turkey consumer price index (absolute), 2011-15
Table 24: Turkey exchange rate, 2011-15

List of Figures
Figure 1: Turkey insurance market value: $ billion, 2011-15(e)
Figure 2: Turkey insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Turkey insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Turkey insurance market share: % share, by value, 2015(e)
Figure 5: Turkey insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the insurance market in Turkey, 2015
Figure 7: Drivers of buyer power in the insurance market in Turkey, 2015
Figure 8: Drivers of supplier power in the insurance market in Turkey, 2015
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Turkey, 2015
Figure 10: Factors influencing the threat of substitutes in the insurance market in Turkey, 2015
Figure 11: Drivers of degree of rivalry in the insurance market in Turkey, 2015
Figure 12: Allianz Group: revenues and profitability
Figure 13: Allianz Group: assets and liabilities
Figure 14: AXA: revenues and profitability
Figure 15: AXA: assets and liabilities
Figure 16: MAPFRE, S.A.: revenues and profitability
Figure 17: MAPFRE, S.A.: assets and liabilities

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