1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Turkey Insurance Report Q4 2016

Turkey Insurance Report Q4 2016

  • August 2016
  • -
  • Business Monitor International
  • -
  • 64 pages

Includes 3 FREE quarterly updates



BMI View: Both life and non-life are expected to record healthy growth over the coming years in Turkey'srapidly expanding insurance segment. The market will benefit from rising employment and householdincome rates, boosting spending on insurable items and driving demand for various life cover andretirement products. A number of major multinationals are expanding their presence in the country,competing with well established domestic providers. Headwinds to growth remain, however, includingcultural barriers to traditional insurance cover, an underdeveloped regulatory system and the potential foreconomic and political instability.Key Updates And Forecasts

- Proximity to the conflict in Syria as well as internal instability (as highlighted by the July coup attempt)has heightened risk in some sectors. The attack on Ataturk Airport in late June 2016, which left over 40dead, is indicative of such risks. Hiscox, which is based in Bermuda, but writes international risk viaLloyds of London has been confirmed as the lead insurers for the airport and has noted the changes tothe threat environment in Turkey and globally.

- Takaful insurance is expected to be a key growth area in the Turkish insurance market. In May 2016 theIslamic Financial Services Board, the World Bank and the Undersecretariat of Treasury of theRepublic of Turkey took part in a conference sponsored by the Insurance Association of Turkey andAssociation of Participation Insurance on the growth prospects, regulation and demand for newproducts in the country's Takaful sector.

Table Of Contents

Turkey Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Turkey 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Turkey 2013-2020) 12
Table: Life Insurance Claims (Turkey 2008-2015) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Turkey 2013-2020) 16
Table: Non-Life Insurance Claims (Turkey 2009-2015) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (Turkey 2013-2020) 28
Insurance Risk/Reward Index 30
Emerging Europe Risk/Reward Index 30
Table: Emerging Europe Insurance Risk/Reward Index - Q416 31
Market Overview 32
Life Market Overview 32
The Product Offering 32
The Competitive Landscape 32
Table: Life Market Share (USDmn) 2007-2014 33
Non-Life Market Overview 36
Product Offering 36
The Competitive Landscape 36
Table: Non-Life Market Share (USDmn) 2007-2014 37
Company Profile 40
Aksigorta 40
Allianz 43
Anadolu Hayat Emeklilik 46
Anadolu Sigorta 49
AXA Group 52
Ziraat Hayat Emeklilik (ZHE) 55
Methodology 58
Industry Forecast Methodology 58
Risk/Reward Index Methodology 61
Table: Indicators 63
Table: Weighting of Indicators 64

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • October 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of Belarusian insurance industry. It provides key performance indicators ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.