Insurance in Turkey

Insurance in Turkey

  • February 2020 •
  • 50 pages •
  • Report ID: 2881255 •
  • Format: PDF
Insurance in Turkey

Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Turkish insurance market had total gross written premiums of $10.4bn in 2018, representing a compound annual growth rate (CAGR) of 18.7% between 2014 and 2018.
- The non-life insurance segment was the market’s most lucrative in 2018, with total gross written premiums of $9.0bn, equivalent to 86.4% of the market’s overall value.
- The growth of the Turkish market has been fuelled by demand for motor insurance products, with the number of written policies and the value of premiums rising sharply, in line with the growing income of the population.

- 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

Reasons to Buy

- What was the size of the Turkey insurance market by value in 2018?
- What will be the size of the Turkey insurance market in 2023?
- What factors are affecting the strength of competition in the Turkey insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Turkey’s insurance market?

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