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.

Scope

– 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?

Companies mentioned

Allianz SE

Anadolu Anonim Turk Sigorta Sirketi

AXA SA

Aksigorta AS

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market share

1.6. Market rivalry

1.7. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What strategies do the leading players follow?

7.4. What is the rational for the recent M&A activity?

8 Company Profiles

8.1. Allianz SE

8.2. Anadolu Anonim Turk Sigorta Sirketi

8.3. AXA SA

8.4. Aksigorta AS

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Turkey insurance market value: $ billion, 2014-18

Table 2: Turkey insurance market category segmentation: $ billion, 2018

Table 3: Turkey insurance market geography segmentation: $ billion, 2018

Table 4: Turkey insurance market value forecast: $ billion, 2018-23

Table 5: Turkey insurance market share: % share, by value, 2018

Table 6: Allianz SE: key facts

Table 7: Allianz SE: Annual Financial Ratios

Table 8: Allianz SE: Key Employees

Table 9: Allianz SE: Key Employees Continued

Table 10: Anadolu Anonim Turk Sigorta Sirketi: key facts

Table 11: Anadolu Anonim Turk Sigorta Sirketi: Annual Financial Ratios

Table 12: Anadolu Anonim Turk Sigorta Sirketi: Key Employees

Table 13: AXA SA: key facts

Table 14: AXA SA: Annual Financial Ratios

Table 15: AXA SA: Key Employees

Table 16: AXA SA: Key Employees Continued

Table 17: AXA SA: Key Employees Continued

Table 18: AXA SA: Key Employees Continued

Table 19: Aksigorta AS: key facts

Table 20: Aksigorta AS: Annual Financial Ratios

Table 21: Aksigorta AS: Key Employees

Table 22: Turkey size of population (million), 2014-18

Table 23: Turkey gdp (constant 2005 prices, $ billion), 2014-18

Table 24: Turkey gdp (current prices, $ billion), 2014-18

Table 25: Turkey inflation, 2014-18

Table 26: Turkey consumer price index (absolute), 2014-18

Table 27: Turkey exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: Turkey insurance market value: $ billion, 2014-18

Figure 2: Turkey insurance market category segmentation: % share, by value, 2018

Figure 3: Turkey insurance market geography segmentation: % share, by value, 2018

Figure 4: Turkey insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in Turkey, 2018

Figure 6: Drivers of buyer power in the insurance market in Turkey, 2018

Figure 7: Drivers of supplier power in the insurance market in Turkey, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Turkey, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in Turkey, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in Turkey, 2018

Figure 11: Turkey insurance market share: % share, by value, 2018

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