2014-04-17 10:17:02 - Reinsurance in Turkey, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The Turkish reinsurance segment is small yet competitive. Led by strong growth in the overall insurance industry and an increasing level of risk awareness due to the rising frequency of natural disasters, the segment increased from TRY0.8 billion (US$0.7 billion) in 2008 to TRY1.1 billion (US$0.6 billion) in 2012, at a review-period CAGR of 5.5%.
Apart from one local reinsurance company (Milli Re), international insurers such as Munich Re, Swiss Re and Lloyd´s cater to the reinsurance needs of the Turkish industry. Milli Re derived 76% of its total gross written premium from domestic business in 2012. Over the forecast period, the stable macroeconomic fundamentals and the tightening of regulations will have a positive effect on the reinsurance segment. Industry growth
is expected to drive the reinsurance segment over the forecast period.
The treaty reinsurance category accounted for 68.0% of reinsurance written premiums and the facultative reinsurance category accounted for the remaining 32.0% in 2012. A Turkish Catastrophe Insurance Pool (TCIP) was established in 1999 to deal with the risk of earthquakes.
Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.