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"Turkey Insurance Report 2014" Published

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2013-12-06 11:00:15 - Recently published research from Business Monitor International, "Turkey Insurance Report 2014", is now available at Fast Market Research

As of late 2013, almost all trends in Turkey's insurance sector are positive. In essence, a market that is large in absolute terms, but underdeveloped by many metrics, has the capacity to sustain superior (and probably double-digit) growth for years. This is true of no other national market for insurance in Central and Eastern Europe and of few others in the rest of the world.

The overall economic environment is germane, with steady and moderate growth and reasonably low inflation. Both major segments are open to competition by major multi-nationals, meaning that world best practice is being brought to Turkey. In any event, the leading indigenous companies are substantial organisations that generally have the advantage of being affiliated with one or

other of Turkey's leading banking/financial services groups.

Full Report Details at

The changes are most dramatic in the life segment. After several years of stagnation, we are looking for premiums to rise by nearly 30% in 2013 and to sustain double-digit growth through the forecast period. An obvious catalyst for this are the latest changes which significantly improve the attractiveness of private pensions as a conduit for organised savings. Although pension payments are not included in the figures for premiums, the development of pensions provides the leading companies with a marketing opportunity, which they are exploiting. The details differ from case to case, but the companies are promoting bancassurance and other distribution, and developing innovative products. In essence, the life insurers are finding increasing numbers of customers - both households and corporates - who are willing and able to use life insurance.

In the much larger non-life segment, the main trend is a continuing rise in prices and rates in most lines. The result is that non-life penetration is increasing quite rapidly. As is the case in the life segment, initiatives by particular companies in relation to product development and distribution

Report Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Total Life Premiums 2010-2017
- Non Life
- Table: Total Non-Life Premiums 2010-2017
Industry Risk Reward Ratings
- Turkey Insurance Risk/Reward Ratings
- Table: Turkey's Insurance Risk/Reward Ratings
- Central and Eastern European Risk/Reward Ratings
- Table: Europe Risk/Reward Ratings
Market Overview
- Life
- Non Life
Industry Trends And Developments
- Life Growth Drivers And Risk Management Projections
- Table: Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers And Risk Management Projections
- Macroeconomic Forecast
- Political Outlook
- Table: Europe Regional Security Ratings (scores out of 100, with 100 the best)
- Healthcare Sector
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Autos
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
- Central And Eastern Europe Competitive Landscape
Company Profile
- Achmea
- Ageas
- Aksigorta
- Allianz
- Anadolu Hayat Emeklilik
- Anadolu Sigorta
- AXA Group
- Generali
- Groupama
- Talanx
- Vienna Insurance Group (VIG)
- Ziraat Hayat Emeklilik (ZHE)
- Zurich Insurance Group
Regional Overview
- Central & Eastern Europe - Life
- Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn)
- Central & Eastern Europe - Non-Life
- Table: Central And Eastern Europe - Non Life Premiums US$mn, 2010-2017
Demographic Forecast
- Table: Turkey's Population By Age Group, 1990-2020 ('000)
- Table: Turkey's Population By Age Group, 1990-2020 (% of population)
- Table: Turkey's Key Population Ratios, 1990-2020
- Table: Turkey's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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