Insurance in Turkey - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Turkey - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). 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 $10.8bn in 2020, representing a compound annual growth rate (CAGR) of 17.7% between 2016 and 2020.
- The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $8.7bn, equivalent to 81.1% of the market's overall value.
- In comparison to other European countries, Turkey is particularly vulnerable to natural disasters. On the one hand, this has stimulated demand for non-life insurance policies as customers seek to protect their homes and their belongings from such events. However, it has also resulted in significant insured losses, which could hamper growth somewhat.
- Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume
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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 leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the most significant M&A activity this year?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Allianz SE
8.2. Anadolu Anonim Turk Sigorta Sirketi
8.3. 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
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 leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the most significant M&A activity this year?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Allianz SE
8.2. Anadolu Anonim Turk Sigorta Sirketi
8.3. 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
Table 1: Turkey insurance market value: $ billion, 2016–20
Table 2: Turkey insurance market category segmentation: $ billion, 2020
Table 3: Turkey insurance market geography segmentation: $ billion, 2020
Table 4: Turkey insurance market value forecast: $ billion, 2020–25
Table 5: Turkey insurance market share: % share, by value, 2020
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: Aksigorta AS: key facts
Table 14: Aksigorta AS: Annual Financial Ratios
Table 15: Aksigorta AS: Key Employees
Table 16: Turkey size of population (million), 2016–20
Table 17: Turkey gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Turkey gdp (current prices, $ billion), 2016–20
Table 19: Turkey inflation, 2016–20
Table 20: Turkey consumer price index (absolute), 2016–20
Table 21: Turkey exchange rate, 2016–20
Table 1: Turkey insurance market value: $ billion, 2016–20
Table 2: Turkey insurance market category segmentation: $ billion, 2020
Table 3: Turkey insurance market geography segmentation: $ billion, 2020
Table 4: Turkey insurance market value forecast: $ billion, 2020–25
Table 5: Turkey insurance market share: % share, by value, 2020
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: Aksigorta AS: key facts
Table 14: Aksigorta AS: Annual Financial Ratios
Table 15: Aksigorta AS: Key Employees
Table 16: Turkey size of population (million), 2016–20
Table 17: Turkey gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Turkey gdp (current prices, $ billion), 2016–20
Table 19: Turkey inflation, 2016–20
Table 20: Turkey consumer price index (absolute), 2016–20
Table 21: Turkey exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Turkey insurance market value: $ billion, 2016–20
Figure 2: Turkey insurance market category segmentation: % share, by value, 2020
Figure 3: Turkey insurance market geography segmentation: % share, by value, 2020
Figure 4: Turkey insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Turkey, 2020
Figure 6: Drivers of buyer power in the insurance market in Turkey, 2020
Figure 7: Drivers of supplier power in the insurance market in Turkey, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Turkey, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Turkey, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Turkey, 2020
Figure 11: Turkey insurance market share: % share, by value, 2020
Figure 1: Turkey insurance market value: $ billion, 2016–20
Figure 2: Turkey insurance market category segmentation: % share, by value, 2020
Figure 3: Turkey insurance market geography segmentation: % share, by value, 2020
Figure 4: Turkey insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Turkey, 2020
Figure 6: Drivers of buyer power in the insurance market in Turkey, 2020
Figure 7: Drivers of supplier power in the insurance market in Turkey, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Turkey, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Turkey, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Turkey, 2020
Figure 11: Turkey insurance market share: % share, by value, 2020
