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  5. > Life Insurance in Turkey

Life Insurance in Turkey

  • January 2016
  • -
  • MarketLine
  • -
  • 36 pages

Introduction

Life Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market share, 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2014 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

- The Turkish life insurance market is expected to generate total gross written premiums of $2.1bn in 2015, representing a compound annual growth rate (CAGR) of 14.6% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $2.0bn, equivalent to 97.7% of the market's overall value.

- The decline seen in this market in 2014 can largely be attributed to wider economic problems in global markets. Difficulties in financial markets, coupled with the expectations of rising interest rates resulted in substantial currency devaluations in many countries.

Features

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

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

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

- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey life 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 life insurance market by value in 2015?

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

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

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

- Who are the top competitiors in Turkey's life insurance market?

Table Of Contents

Life 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 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Allianz Group 19
Turkiye Garanti Bankasi A.S. 22
Turkiye Is Bankasi A.S. 25
T.C. Ziraat Bankasi A.S. 28
Macroeconomic Indicators 31
Country Data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

List of Tables
Table 1: Turkey life insurance market value: $ billion, 2011-15(e)
Table 2: Turkey life insurance market category segmentation: $ billion, 2015(e)
Table 3: Turkey life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Turkey life insurance market share: % share, by value, 2015(e)
Table 5: Turkey life insurance market value forecast: $ billion, 2015-20
Table 6: Allianz Group: key facts
Table 7: Allianz Group: key financials ($)
Table 8: Allianz Group: key financials (€)
Table 9: Allianz Group: key financial ratios
Table 10: Turkiye Garanti Bankasi A.S.: key facts
Table 11: Turkiye Garanti Bankasi A.S.: key financials ($)
Table 12: Turkiye Garanti Bankasi A.S.: key financials (TL)
Table 13: Turkiye Garanti Bankasi A.S.: key financial ratios
Table 14: Turkiye Is Bankasi A.S.: key facts
Table 15: Turkiye Is Bankasi A.S.: key financials ($)
Table 16: Turkiye Is Bankasi A.S.: key financials (TL)
Table 17: Turkiye Is Bankasi A.S.: key financial ratios
Table 18: T.C. Ziraat Bankasi A.S.: key facts
Table 19: T.C. Ziraat Bankasi A.S.: key financials ($)
Table 20: T.C. Ziraat Bankasi A.S.: key financials (TL)
Table 21: T.C. Ziraat Bankasi A.S.: key financial ratios
Table 22: Turkey size of population (million), 2011-15
Table 23: Turkey gdp (constant 2005 prices, $ billion), 2011-15
Table 24: Turkey gdp (current prices, $ billion), 2011-15
Table 25: Turkey inflation, 2011-15
Table 26: Turkey consumer price index (absolute), 2011-15
Table 27: Turkey exchange rate, 2011-15

List of Figures
Figure 1: Turkey life insurance market value: $ billion, 2011-15(e)
Figure 2: Turkey life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Turkey life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Turkey life insurance market share: % share, by value, 2015(e)
Figure 5: Turkey life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the life insurance market in Turkey, 2015
Figure 7: Drivers of buyer power in the life insurance market in Turkey, 2015
Figure 8: Drivers of supplier power in the life insurance market in Turkey, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Turkey, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Turkey, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in Turkey, 2015
Figure 12: Allianz Group: revenues and profitability
Figure 13: Allianz Group: assets and liabilities
Figure 14: Turkiye Garanti Bankasi A.S.: revenues and profitability
Figure 15: Turkiye Garanti Bankasi A.S.: assets and liabilities
Figure 16: Turkiye Is Bankasi A.S.: revenues and profitability
Figure 17: Turkiye Is Bankasi A.S.: assets and liabilities
Figure 18: T.C. Ziraat Bankasi A.S.: revenues and profitability
Figure 19: T.C. Ziraat Bankasi A.S.: assets and liabilities

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