Turkey Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

March 2023 | 46 pages | ID: T8544B605D38EN
MarketLine

Abstracts

Turkey Life Insurance Market @Summary, Competitive Analysis and Forecast to 2027

SUMMARY

Life Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS

• The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
• The Turkish life insurance market had total gross written premiums of $1.6 billion in 2022, representing a compound annual growth rate (CAGR) of 16.1% between 2017 and 2022.
• The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $1.6 billion, equivalent to 99.9% of the market's overall value.
• The Turkish life insurance market declined drastically in 2022, however, it is still expected to continue to decline in 2023 but at a much lower rate. performance of the market is forecast to decelerate, with an anticipated CAGR of 2.5% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $1.8billion by the end of 2027.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in Turkey
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Turkey
• Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Turkey life insurance market with five year forecasts

REASONS TO BUY

• What was the size of the Turkey life insurance market by value in 2022?
• What will be the size of the Turkey life insurance market in 2027?
• What factors are affecting the strength of competition in the Turkey life insurance market?
• How has the market performed over the last five years?

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 leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?

8 COMPANY PROFILES

8.1. Allianz SE
8.2. Anadolu Hayat Emeklilik AS
8.3. MetLife Inc
8.4. Turkiye Hayat Ve Emeklilik 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 life insurance market value: $ billion, 2017-22(e)
Table 2: Turkey life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Turkey life insurance market category segmentation: $ billion, 2017-2022
Table 4: Turkey life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Turkey life insurance market value forecast: $ billion, 2022-27
Table 6: Turkey life insurance market share: % share, by value, 2022(e)
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: Anadolu Hayat Emeklilik AS: key facts
Table 12: Anadolu Hayat Emeklilik AS: Annual Financial Ratios
Table 13: Anadolu Hayat Emeklilik AS: Key Employees
Table 14: MetLife Inc: key facts
Table 15: MetLife Inc: Annual Financial Ratios
Table 16: MetLife Inc: Key Employees
Table 17: MetLife Inc: Key Employees Continued
Table 18: MetLife Inc: Key Employees Continued
Table 19: Turkiye Hayat Ve Emeklilik AS: key facts
Table 20: Turkey size of population (million), 2018–22
Table 21: Turkey gdp (constant 2005 prices, $ billion), 2018–22
Table 22: Turkey gdp (current prices, $ billion), 2018–22
Table 23: Turkey inflation, 2018–22
Table 24: Turkey consumer price index (absolute), 2018–22
Table 25: Turkey exchange rate, 2016–20

List Of Figures

LIST OF FIGURES

Figure 1: Turkey life insurance market value: $ billion, 2017-22(e)
Figure 2: Turkey life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Turkey life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Turkey life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Turkey, 2022
Figure 6: Drivers of buyer power in the life insurance market in Turkey, 2022
Figure 7: Drivers of supplier power in the life insurance market in Turkey, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Turkey, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Turkey, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Turkey, 2022
Figure 11: Turkey life insurance market share: % share, by value, 2022(e)